We just completed week 7 for our vacancy tracking in 2017 and things are looking great. We are currently at a record low of .3% and the trend of low vacancy looks promising in the weeks to come. The market continues to allow FRPM to raise rents with most renewals. The renewal increases are supporting even higher rent on a property that has been turned over. FRPM is also keeping consistant with getting 90% of properties that are on notice re-rented with in 17 days, which is 13 days prior to them becing vacant. The market continues to remain on the strong in the Boise Area.
Our 2017 vacancy chart is below
Melissa Sharone, President
First Rate Property Management, Inc.
Boise, Idaho
Contact me for more information about the Property Rental markets in Boise and Idaho.
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