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Elevated Supply Volumes Common in Markets with Largest Occupancy Declines

Nashville Records the Largest Drop

By Lindsey Allen | Monday, October 23, 2017

Occupancy rate decline-Nashville photo

Supply may tell much of the story about the 10 metros with the largest occupancy rate declines in the third quarter of 2017. Most of the 10 received more new apartment supply than they could absorb.

A new report from RealPage found that the Nashville apartment market had the largest occupancy rate decline, some 3 percentage points after more than 10,500 units were delivered in the previous four quarters. Salt Lake City, with the second largest occupancy rate decline, received 6,430 units of new apartment supply and saw occupancy rates decline 2.1 percentage points.

For the full report, click here.

Lindsey Allen

Lindsey Allen

Real Estate Writer

Lindsey Allen is a Real Estate Writer for RealPage. Prior to joining RealPage, Lindsey wrote for news publications as a journalist and for apartment properties as a marketing and leasing content creator. She holds a bachelors in news and information from Oklahoma Baptist University.

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