Multi-Family Feels Pinch of Supply, Lending - Spring 2002

 Apartment vacancies in Sarasota County have fluctuated from 14% to 9% depending on the project and location.  Rental rates range from $.80 to $1.10 per square foot, also depending on the project and location. Sufficient supply from the mid-1990s and tightening of lending practices have cooled many planned apartment projects.