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Market Absorption of Apartments: 1975 Quarterly Absorptions

H-130-75-4

Introduction

The rate at which privately-financed apartments were absorbed within 3 months of completion was 74 percent for the July-September 1975 quarter completions. Apartments which have been on the market for 9 months (those completed during January-March 1975) were 90 percent rented. The median asking rent for apartments completed in the third quarter of 1975 was $206.

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Page Last Revised - October 8, 2021
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