2008_12_emptyapt.jpgAccording to a report from Marcus & Millichap, the Real Deal reports the rental apartment vacancy rate will be 4.7% next year, "topping the previous record of 4 percent in the fourth quarter of 2003," thanks to "mounting job losses driv[ing] renters from the city." Which may mean more bargaining power for renters—if they want to go where there excess supply is expected, like Long Island City, Midtown West, the Financial District and southeastern Harlem. Further, homeowners who can't sell their homes may opt to rent them out, creating extra inventory. Some other data: The vacancy rate was 2.1% in 2007 and 3.4% in 2008.