Apartments tighter still.Apartment occupancy rates Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) continued to edge up in the first quarter of 2006, rising to 96.2 percent in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. from 95.2 percent in the first quarter of 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. statistics just released by RealFacts, a Novato Novato (nōvä`tō), residential city (1990 pop. 47,585), Marin co., W Calif., N of San Fransisco on San Pablo Bay; inc. 1960. In a farming and dairying area, it produces cosmetics, metal products, telephone apparatus, lumber, and wiring , Calif.-based tracking service. In the Valley, occupancy rates were highest in Canoga Park, with an average rate of 98.3 percent. The lowest occupancy rates were in Valencia Valencia, region, Spain Valencia (välān`thēä), autonomous region (1990 pop. 3,902,429) and former kingdom, E Spain, on the Mediterranean. It now comprises the provinces of Alicante, Castellón, and Valencia. at 92.2 percent. With the market so tight, rents continued to increase, up to an average of $1,468 per month in the Valley for the first quarter of the year, the RealFacts data revealed. That's a 6.7 percent increase from the year-ago period. Studio City led Valley communities with average rental rates at $1,648 per month. The lowest rates were found in Reseda where apartment rentals averaged $1,039 per month. Rents jumped most dramatically in Sherman Oaks, increasing 9.4 percent year-to-year to an average of $1,624 per month. |
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