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Unalaska has glut of rental properties

Posted: Sunday, June 11, 2000

UNALASKA (AP) -- ''For Rent'' signs are going up in Unalaska.

Rentals were hard to find the last few decades, but not now. Both property owners and city officials say the market shift is due to more available housing and a slump in the fishing industry.

''The people who rent out apartments used to have long lists,'' said Robin Hall, the city planning administrator. ''A lot of people are having trouble even renting them now.''

The shift has left some landlords worried about filling vacancies and making payments.

''When we started these up in the dreamy stage, there was a real need for housing,'' said Georgann Williams, who owns Valley View Apartments with her husband, Michael. ''But in the past year, it's gotten really scary.''

Williams lowered rental rates of her three-bedroom units by $100 a month, which puts them in the $1,500-$1,600 range. She said the drop was needed to keep the 10-plex filled.



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