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The surplus of units could enhance the 5.three% vacancy price and is without doubt one of the essential motives that the Marcus & Millichap 2013 Nationwide Apartment Report (NAR) dropped Charlotte from twenty fifth to 29th of their Countrywide Condominium Index position. The 2013 NAR is optimistic about the long term sector likely, declaring which the vacancy rate remains in the vicinity of the bottom percentages it's been at for a few years.
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