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4th Quarter Market Update

The SW Idaho Narpm chapter just released the 4th quarter vacancy results.  The results are pretty standard for this time of year, with vacancy up a little.  At this time of year, we find that renters don't like to move due to the holidays and cold weather.  Even in the slower time, First Rate has kept a vacancy of under 1% for the last quarter.  Getting rentals filled this time of year can be challenging so it takes some creativity with move-in specials and sometimes shorter leases.  The average rents overall are still strong for this time of year and with spring renewals we see opportunity to increase rents

Read full report here: SW Idaho Narpm Vacancy Survey

 


Melissa Sharone

Melissa Sharone, President 

First Rate Property Management, Inc.
Boise, Idaho
Contact me for more information about this blog.

 

01-23-2019
Melissa Sharone
Boise Area Rental Market
01-23-2019

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