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Real Estate

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October 26, 2009

Fort Lewis deployments hit Pierce County rentals

Journal Real Estate Editor

Pierce County’s apartment vacancy rose dramatically in the third quarter of this year, likely caused by an outflow of renters being deployed by the military to the Middle East, said Tom Cain of Apartment Insights, a Seattle-based apartment research firm.

Pierce vacancy is now 8.3 percent, up two percentage points from the second quarter. This sudden leap is likely the result of the deployment, primarily from Fort Lewis, he said.

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