April 2017  

Vacancy Rates Remain Low

Each quarter, MGE publishes the rental vacancy rates by number, percentage and zip code. The vacancy rate for Q1 2017 is 2.79%. This is slightly higher than the vacancy rate of Q1 2016, but is slightly lower than the vacancy rate from Q4 2016. This indicates that there are fewer units available now compared to the previous quarter.

The vacancy rate is the percentage of apartment buildings in MGE's service area that appear to be vacant because the gas and electric service is inactive or the service has been moved to the owner's name.

MGE assumes an apartment building is vacant if both gas and electric services are inactive or if the service has been moved into the building owner's name. This data should be used for educational or informational purposes only.

Since 2009, the vacancy rate has been as high as 4.72% (Q2 2010) to as low as 1.88% (Q1 2013). For more information about vacancy rates please go to: mge.com/vacancy