The U.S. apartment vacancy rate rose to its highest level in 30 years in late 2009, forcing down rent prices, according to reports.
No numbers immediately available about Boston. We’ll update as soon as possible when those figures are released.
P.S. — Okay, we got an update. Boston is doing better than most other metro areas, but the rental market softened in the fourth quarter (as the commenter notes below). Boston’s vacancy rate rose .5 percent to 6.4 percent in the fourth quarter, while rent prices fell a little less than 1 percent to $1,600, according to Reis Inc.
