Thurston apartment vacancy rate slips to 7.36 percent

Rolf Boone/The Business Blog • Published October 07, 2012

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Thurston County apartment vacancy rates weakened to 7.36 percent in the third quarter of the year, the third straight quarterly decline since a 6.56 percent rate in the fourth quarter of last year, according to new data released by Apartment Insights of Seattle.

Olympia had the weakest vacancy rate at 8.18 percent in the third quarter, while it was stronger in Tumwater at 6.39 percent, the data show.

"Thurston continues to languish," Apartment Insights principal Tom Cain said in a news release.

Rents showed a slight improvement in the county as a result of the weaker vacancy rate, falling $1 to $836 per month, or 99 cents per square foot.

Similar stories:

  • Thurston apartment vacancy rates fall, rents rise in 4Q

  • Report: Thurston apartment rents rise to $854 in March

  • Rents climb, vacancies drop for apartments

  • Homebuilders began at slower pace in January

  • Economy performed better than expected

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