The Southwest Idaho Chapter of Narpm just completed its 4th quarter Vacancy Survey. The resutls show a slight increase in vacancy but rental rates are still going strong. The overall vacancy for the treasure valley is still pretty low compared to past years. The market is still allowing for rents to be pushed a little higher with out causing a vacancy spike.
FRPM has showed on average .5% vacancy for most of the 4th quarter. This is due to FRPM not having leases expire in the winter months. FRPM has found that it can be more difficult to fill a vacancy in the winter so by not having any leases expire with in that time frame we are not faced with the challenge of vacant units.
2018 should be an interesting year with the market still claiming to be "HOT". Only Time will tell just how high those rents can be pushed while vacancy remains low.
Read the full report here: SW Idaho Narpm Vacancy Report Quarter 4 2017
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