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First Rate Property Management Vacancy Rates (April 2014)

Vacancy Rate: First Rate Property Management Inc. has experienced historically low vacancies for the last 27 weeks. This week the vacancy rate is 1.59%, down from 1.69% last year (which was a record low at that time). The high for this time of year was 3.79% in 2012. We've been tracking vacancy numbers since October of 2009. April is historically the time of year vacancies start to rise sharply. Due to our renewal efforts, low inventory and higher rents throughout the entire Boise area, most tenants are staying put rather than taking on the expense of moving.

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Tony Drost
Boise Area Rental Market

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