By Mike Dougherty
PHILADELPHIA (CBS) — A new report from a Washington based realty firm finds what many renters in Philadelphia already know — it’s really hard to find a nice apartment.READ MORE: Josh Shapiro Breaks With Gov. Tom Wolf Over Strategy On Climate Change
The high end apartments, also known as Class A apartments, are scarce at best. According to Delta Associates, the vacancy rate is currently less than two-percent.READ MORE: Attorneys 'Hit A Snag,' Jury Sent Home In John Dougherty, Councilmember Bobby Henon Bribery Trial
Berkshire Hathaway rental agent Mohammed Ullah says he’s had to turn away dozens of potential clients because there’s virtually nothing available and the apartments that are available are snatched up in a flash.
“High end, or even low end, there’s no inventory. I get calls everyday and I have to tell them I have nothing in that building or this area or that area.”MORE NEWS: Philadelphia's Project HOME Opens Maguire Residence In Kensington
He says empty-nesters and young professionals are seeking high quality units like never before, even as rent prices continue to rise.