Northeast Region Logs Nation’s Tightest Apartment Occupancy

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Table of Contents

• Northeast Region Logs Nation’s Tightest Apartment …

• Builders Set Their Sights on Growth in 2024 link

• Home flipping cools at fastest pace in 15 years li …

• Top 20 Countries Where Older People Are the Happie …

• Farm lending robust in 2023, but 'tougher' year li …

• Only Half of New Yorkers Say They Plan To Stay in …

• Nashville, Tennessee, Counts Among Fastest-Growing …

We are continually faced by greater opportunities brilliantly disguised as insolvable problems.

― From the book “The 38 Letters From J.D. Rockefeller to His Son”

Northeast Region Logs Nation’s Tightest Apartment Occupancy link

• Northeast markets achieved the highest apartment occupancy rates in the U.S. at the end of 2023, reaching an average of 96.3%. This was nearly a full percentage point higher than the next closest region, highlighting the area's tight housing market.

• Stable demand drivers and minimal supply pressures have kept occupancy rates consistently high across the Northeast. Cities like Utica, Rochester, New York, Manchester, and Springfield saw occupancy rates of 97% or greater, indicating robust market health.

• The Watertown-Fort Drum, NY metro area was an exception with a lower occupancy rate of 92.3%. This outlier demonstrates the varied performance within the region, despite the overall strong market conditions.

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