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Market Absorption of Apartments Annual: 1982 Absorptions
Market Absorption of Apartments Annual: 1982 Absorptions
H-130-82-5
Introduction
During 1981, completions of privately financed, non- subsidized, unfurnished apartments in buildings of five units or more totaled about 135,400 units. This represents a decrease of about 31 percent from the 196,100 such units completed in 1980. it is the smallest number of completions of such units since SOMA was initiated in 1970 and is a 75 percent decrease from the 531,700 unfurnished apartments completed in the peak year 1973. Of the unfurnished units completed in 1981, 80 percent were rented within the first 3 months of completion, 92 percent within 6 months, and 97 percent within 12 months.
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Page Last Revised - October 8, 2021
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