U.S. MULTI-HOUSING VACANCY RATE EXPECTED TO HOLD STEADY IN 2011 BEFORE FALLING FURTHER IN 2012

Boston, MA – December 15, 2010 – (RealEstateRama) — The U.S. multi-housing vacancy rate is expected to remain relatively stable through 2011, ending the year at 5.8%, before falling further to 5.3% during the course of 2012, according to a new forecast from CBRE Econometric Advisors (CBRE-EA). Multi-family property demand will remain solid, continuing a trend that began when the vacancy rate peaked at 7.4% at the end of 2009.