Mifflin Street Party or bust?

This year will certainly be an eventful year for the annual Mifflin Street Block Party. Question is: will it be eventful for its success or its failure? The City of Madison officials and police department have cancelled support for the event. Of course there will be significant presence on Mifflin Street this Saturday, both party goers and police alike. Exactly how much enforcement is necessary remains to be seen, but the police department is ready for confrontation. Add to the mix: the newly formed Revelry Festival. The music festival takes advantage of the spacious environment around Union South and will offer music food and of course beer throughout the day. $5 UW Madison student ticket is required for entry, other ticket options available. It will be interesting to see which venue ultimately wins over the thirst quenching party going crowd: Mifflin tradition vs Revelry control? Both will be entertaining but which will be here in 10 years?

Madison apartment vacancy rate continues to decline

Despite several significant multifamily housing projects offering additional apartments to Madison renters, the vacancy rate continues to decline and is approaching the 2% level. Madison Gas and Electric publishes statistics derived from their internal data of gas/electric meters that are either turned off or changed into the owners name. current survey HERE

The Isthmus (specifically zip code 53703) with over 11,000 rental units, has a 1.5% vacancy rate for the 3rd quarter 2012. Record low interest rates have done little to attract renters into the home ownership market, many fearful of another drop in values, tight lending practices, and waiting for the economy to rebound.  In the next few weeks, many units will enter the market for August 2013 occupancy.  The strong demand in recent years has increased the volume of early apartment shoppers.  November has become one of the busiest months for management companies since renters no longer hold out for discounts, but act quickly when apartments are placed on the market to avoid decreasing supply.

send your apartment search story to:  mail@madisonapartments.com

City of Madison requires landlords to give out voter registration

Last night, the city council passed legislation that requires landlords in the city limits to give out voter registration materials to new residents. It is still unclear when the new law will take effect, and what the penalty's will be for landlords who choose not to follow the ordinance. Landlords will obtain the voter registration materials from the city clerk and should distribute in resident move in folders.