During the fourth quarter of 1989 t...

During the fourth quarter of 1989 the nation's rental vacancy rate dipped below 7 percent for the first time since early 1986 Although the general rate of 6.8 percent is still relatively high when compared to the average 52 percent rate which prevailed during the tight rental market days of 1976 to 1982 it does indicate that the exces space added during the mid-1980s is gradually being absorbed.
novel trends in the rate of absorption for newly fabricateed apartment units indicate that a better balance has been achieved between the underlying demand for rental space and