Apartments are at an all-time high demand.
The report, which tracks apartment occupancy by region, showed that U.S. occupancy rose 0.3 points from the first quarter of 1997. Most gains were in the South, where strong job growth produced sufficient demand to absorb the substantial number of new units completed. In the rest of the country, gains were modest. Price escalation plroved especially strong in Orange County, San Diego, Seattle, Oakland and San Francisco. All Rights Reserved.