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Market Absorption of Apartments Annual: 1990 Absorptions
Market Absorption of Apartments Annual: 1990 Absorptions
H130/90-A
Introduction
During 1989, a total of 246,200 privately financed, nonsubsidized, unfurnished rental apartments in buildings of five units or more were completed in permit issuing areas in the United States. This is a decrease of about 13 percent (± 6 percent) from the 284,500 such units compleled in 1988. Seventy percent of these units were rented (absorbed) within the first 3 months of completion, 86 percent within 6 months, 93 percent within 9 months, and 96 percent were rented within a year of completion (table 1).
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Page Last Revised - October 8, 2021
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