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Real Estate
 Lynn Porter Real Estate Editor |
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June 4, 2009
Real Estate Buzz: 'Shadow market' leaves apartments vacant
By LYNN PORTER
Real Estate Editor
Real Estate Editor
Late last year, the O'Connor Consulting Group noticed a surprising jump in apartment vacancy from June to December in King and Snohomish counties that couldn't be entirely explained by new supply or a decline in demand due to the poor economy.
During that period, vacancy rose 2 percentage points, to 5 percent, said Brian O'Connor, principal the with Seattle-based firm that does commercial property appraisals and market studies, with an emphasis on residential.
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Previous columns:
- Real Estate Buzz: Will warm and fuzzy sell apartments?, 05-21-2009
- Real Estate Buzz: One project, 10 lenders. You do the math, 05-07-2009
- Real Estate Buzz: Help wanted at the Broderick Group, 04-23-2009
- Real Estate Buzz: Local fund turns distressed homes green, 04-09-2009
- Real Estate Buzz: New Fannie rule hits local condo projects, 03-26-2009
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