FRPM VACANCY RATE CONTINUES TO HOLD STRONG

Today FRPM posted a 3.8% vacancy rate. There must be something in the water. We’re still seeing some difficulty in filling some properties due to poor applicants, but for the most part, we are getting things rented. Callers are still expecting move-in incentives and low rents. In fact, in reviewing the traffic reports there is a very clear difference in the number of inquiries for properties with no incentives versus those with incentives.