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Conversions barely ripple apartment vacancy rate: thousands of units have been converted in last 2 years.

Publication: San Diego Business Journal
Publication Date: 30-AUG-04
Format: Online
Delivery: Immediate Online Access
Full Article Title: Conversions barely ripple apartment vacancy rate: thousands of units have been converted in last 2 years.(Real Estate)

Article Excerpt
Thousands of apartments have been taken out of San Diego County's rental housing supply in the last two years by developers buying the units to convert them to for-sale condominiums,

However, local experts say the condo conversion trend has not had a big impact on the local apartment market's vacancy rate--at least not yet.

Conversions take apartments out of the rental supply, which reduces the number of...

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