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a six-year low in national vacancy, while the rate has not been below the 4 percent threshold in nearly 20 years. In 2021, absorption totaled more than 500,000 units, outpacing the delivery of new apartments by nearly 30%. *Year End Forecast Sources: Northmarq, Census Bureau, CoStar, Reis *Year End Forecast Sources: Northmarq, CoStar, Reis VACANCY
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