The Riverside/San Bernardino apartment market, which failed to see vacancy above 8.0% in the recession period, is now among the nation’s tightest. Vacancy ended 2015 at just 2.9%, down 10 basis points for the year, up 30 during the fourth quarter. Rent growth grew stronger in 2015. At $1,176 and $1,150 per month, relatively high in relation to household incomes by the way, fourth quarter asking and effective averages represented gains of 4.0% and 4.1% for the year. Growth rates for the fourth quarter alone were 0.6% for both rates. The 219 units of net absorption reported for January 2016 accompanied by no new supply took 20 basis points from the vacancy rate while each mean rent grew by 0.3%.