Rental Vacancy Rate Encourages Renters

Rental vacancies across the apartment industry hit a new high in the fourth quarter of last year. Then again, it’s more of a low!  Nationally, the average vacancy rate fell to just 4.1% during the last quarter 2013.  This is the lowest vacancy rate in over a decade and a new achievement for the multi-family housing market.

The impressive vacancy rate suggests that more people are finding apartments they love and are choosing to rent – certainly not a bad idea in today’s market.  As the overall economy continues to improve, more people will feel financially secure and rent that apartment they’ve been eyeing.  And, as more and more people move into an apartment they love, it’s possible rents will increase and supplies will decrease.  Simply put, this low rate means that those considering a new apartment in Arcadia Run should act fast.  Our newly built apartment community is growing in popularity and new tenants are quickly falling in love with their new space.  Who knows how long your dream apartment will be available?

The luxury apartments at Arcadia Run are unlike any in the Manassas area.  Built to the Arcadia Communities standard, these units are truly designed with residents’ lifestyles in mind.  Finally, an apartment that can keep up with you!

In all Arcadia Run apartments, residents will find 9-foot ceilings, extended windows, full-size washer and dryer, balconies or patios, granite countertops, designer cabinets and an intuitive layout.  With both one and two bedroom floor plans, any family will find a space that fits.

What could make these luxury apartments even better?  A community, of course!  In the future, Arcadia Run residents will have access to exclusive amenities.  This year, a new resort-style swimming pool, clubhouse, and fitness center will be added to our development.  Ball courts, a playground and a jogging trail will also be coming in 2014, offering even more for residents to enjoy.

Get used to getting even more with Arcadia Communities! As our Arcadia Run community grows, so will the amount of interested tenants, so don’t waste any time!  Contact us to speak with a leasing agent or schedule a tour.  You’ll be glad you did!

Source: Reuters