Summary
The apartment rental market in North Jersey has continued to tightened in recent months, as rents rise and vacancy rates dip.
Housing analysts say an influx of people who previously might have been homeowners, plus a slowdown in construction of new rental units has created one of the tightest markets in the country.See the full content of this document
Extract
It's Still Tough Being a Tenant
Apartment vacancy rates have been on the decline nationwide, but in Bergen and Passaic counties, the rates are below the national average, and they may be going lower.
One analyst ranks North Jersey tied for 16th among 82 markets surveyed in terms of lowest vacancy rates. Another analyst lists it as the si...See the full content of this document
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