The Raleigh-Durham multifamily market was active throughout 2015 and into 2016. Vacancy fell 60 basis points in the fourth quarter to 6.1%. The rate is also down 60 basis points over the year and fell to 5.9% in January. Asking and effective rents increased by 0.9% in the fourth quarter to $969 and $884 per month, respectively. These rates were both up 4.4% over 12 months and were up 0.2% each in January.