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First Rate Property Management Blog

Vacancy Update

Vacancy Update

The 4th quarter vacancy survey from the Southwest Idaho Chapter of NARPM was just released.  The results are about what was expected for this time of year.  The winter time is always slowed for rentals and therefor rents tend to slightly decrease in order to get units filled.  However through the slow time the vacancy still remained low which indicates that the market is still good.  FRPM’s average vacancy over the last 3 weeks has remained very low at .5%.  As we get going into 2020 we anticipate a good rental market come spring and even better when summer hits.  Rents overall are still increasing and we expect vacancy to remain low.

Please click here for the full Vacancy Report- on this highlighted part please add the below link on these words.  This takes them to the full report.

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