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Sacramento apartment occupancy rates suggest rents going higher, report finds

Multifamily real estate market experts use the term “equilibrium” to describe occupancy levels around 95 percent. At that rate, an apartment development is generally full enough for its owners to keep rents where they are, but no higher.

A new report from Colliers International Sacramento shows the Roseville/Rocklin area’s occupancy at the end of 2016 at 96.1 percent. That’s well above equilibrium — and the lowest of any submarket in the region.

“As occupancy goes up, it creates room to…

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This article was syndicated from: Sacramento Business News - Local Sacramento News | The Sacramento Business Journal - Click here to read the original article