commercial real estate vacancy rates by city

Homeowner vacancy in North Dakota is 0.7%, down 46.2% from the previous quarter. Homeowner vacancy in Connecticut is 1.4%, down 65.0% from the previous quarter. Rental vacancy in Wisconsin increased 68.8% in 2021. The statewide rental vacancy rate in Delaware is 3.7% as of the end of 2022Q3; thats 38.3% below the national average. Between 2005 and 2015, rental vacancy in Ohio declined 45.8%. The vacancy rate hit a record-low of 4.5% as of December 18 while the median asking rent growth hit a record high of 11% year-over-year. From 2015 to 2020, Minnesotas rental vacancy rate decreased 1.72%. Note you are now viewing the Colliers United States website. Homeowner vacancy in Mississippi is 0.5%, up 25.0% from the previous quarter. 2022 real estate trends to watch. Albuquerque has a vacancy rate of 5.2%, down 5.45% YoY. But there are a few bright spots in the commercial real estate forecast. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Established in 1980, the Oklahoma City office has developed an unparalleled commitment to customer service that suits the unique needs of each client. The Los Angeles-Long Beach-Anaheim metropolitan area has a rental vacancy rate of 5.1%, up 4.08% YoY. The San Francisco-Oakland metropolitan area has a rental vacancy rate of 3.1%, up 16.7% YoY. Between 2005 and 2015, rental vacancy in Kentucky declined 20.2%. Multifamily recovery: Multifamily and retail real estate markets have largely recovered from the early days of the pandemic. 29.6% of Maryland households do not own a home as of 2022Q3. New Jersey rental vacancy is up 6.45% YoY. Localities expecting continued growth are full of new vacancies, leading some communities to experience excessive rental vacancy rates or hypervacancy. 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Available: https://www.statista.com/statistics/1200151/vacancy-rate-shopping-center-real-estate-usa-by-city/, Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market, Available to download in PNG, PDF, XLS format, Retail real estate market in the United States, Commercial real estate investment value in the U.S. 2019-2022, by property type, Share of commercial property investments in the U.S. 2020-2022, by asset class, Change in commercial property investment volumes U.S. 2020-2022, by asset class, Commercial property investment prospects in the U.S. 2017-2023, Commercial development prospects in the U.S. 2017-2023, Total return REITs in the U.S. 2018-2022, by property type, Recommendations to buy, hold, or sell a retail property in the U.S. 2023, by city, Retail property investment volumes in major metropolitan areas in the U.S. 2022, Leading retail property markets in the U.S. 2020, by number of deals, Retail property transactions volume in the U.S. 2020, by property type, Volume of shopping center property in the U.S. 2022, by region, Retail property leasing activity distribution in the U.S. Q1 2022, by type, Shopping center property net absorption in the U.S. Q3 2019-Q1 2022, Shopping center property net absorption in the U.S. 2020-2022, by region, Shopping center property net absorption in the U.S. 2020, by market, Shopping center property vacancy rate U.S. Q3 2019-Q1 2022, Shopping center property vacancy rate in the U.S. 2020-2022, by region, Retail space closures in the U.S. 2016-2020, Delinquent retail loans during COVID-19 in large U.S. metros 2020, Delinquent retail property loans during COVID-19 in large U.S. metros 2020, Delinquent rate of retail space during COVID-19 in large U.S. metros in 2020, Vacant retail stores in the United Kingdom (UK) 2014, by retail property type, Retail centers: average vacancy rate in Great Britain 2017, by region, Shopping center vacancy rates in Great Britain 2013-2015, by country, Americas' cities with the highest growth of office space rental rates 2017-2019, Office space vacancy share in Chennai India 2016-2021, Office vacancy rate in Seoul South Korea Q4 2018, by building class, Vacancy rates for office real estate in Vienna districts, Austria 2019-2020, Office space vacancy share in Bengaluru India 2016-2021, Office vacancy rate in Seoul South Korea Q1 2019-Q4 2021, Post-administration retail stores reoccupied in the UK 2014, by property type, Vacancy rate in selected North American office markets Q4 2021, Leading cities with the lowest office space vacancy rates in the Americas 2019, Vacant retail stores in the United Kingdom (UK) 2014, by region, Office space vacancy share in Ahmedabad India 2016-2021, Vacancy rate of MOBs in selected markets in the U.S. 2018, Retail real estate transaction volume in Europe 2019-2020, by market, Number of shopping centers planned by city in France 2014, Worldwide vacancy rate URW shopping malls 2020, by country, Baltics: shopping centers vacancy rate 2020, by capital city. The Seattle-Tacoma-Bellevue metropolitan area has a 4.6% rental vacancy rate, down 51.1% YoY. Between 2022Q2 and 2022Q3, D.C.s rental vacancies declined 9.41%. The statewide rental vacancy rate in Indiana is 8.8% as of the end of 2022Q3; thats 46.7% above the national average. The vacancy rate for commercial property is determined by multiplying the number of vacant units by 100 and finally dividing the same by total number of units in the property. The statewide rental vacancy rate in Vermont is 4.2% as of the end of 2022Q3; thats 30.0% below the national average. Knoxville has a rental vacancy rate of 7.8%, up 23.8% YoY. Between 2005 and 2015, rental vacancy in Alabama increased 8.94%. Vacancy rates across the office real estate sector in the U.S. increased during the coronavirus pandemic. In San Francisco, for example, the availability rate of 26.8% was a new record worst in the data, and was up from an availability rate of 7.3% in Q3 2019. From 2015 to 2020, Alabamas rental vacancy rate increased 19.4%. This statistic is not included in your account. To help REALTORS and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series Commercial Real Estate Metro Market Reports which provide insights into the fundamentals and direction of the nation's largest metropolitan commercial real . Between 2022Q2 and 2022Q3, Georgias rental vacancy rate declined 11.8%. Rental vacancy in Oregon declined 32.7% in 2021. 10.6% of vacant housing units are second homes. However, while they are both important, they measure different things and can give you additional insights into the market. The vacancy rates of shopping center real estate in the United States varied between different cities as of the second quarter of 2020 and 2021. Homeowner vacancy in Kansas is 1.0%, down 9.09% from the previous quarter. The national rate of homeownership is 66.0% as of 2022 Q3. All Rights Reserved. Vacancy rates vary greatly across the City, however: In 2017, the city-wide retail vacancy rate was 5.8 percent, up from 4.0 percent in 2007. 40.6% of Nevada households do not own a home as of 2022Q3. Rental vacancy in Wyoming declined 24.5% in 2021. Commercial Real Estate Statistics Compared to other major metropolitan areas and against national averages, businesses benefit from the highly competitive Rochester commercial real estate market. Q4 2022 Salt Lake City Industrial Report. Rental vacancy in Tennessee declined 10.8% in 2021. Coronavirus (COVID-19): impact on the retail landscape in the U.S. Find your information in our database containing over 20,000 reports, hit the United States real estate markets. 27.5% of Alabama households do not own their home as of 2022Q3. 8.1% of vacant rental units are in structures built after March 2010. 33.6% of Tennessee households do not own a home as of 2022Q3. As of 2022 Q3, the homeowner vacancy rate is 0.9%. 35.7% of Oregon households do not own a home as of 2022Q3. Housing vacancies have declined 69.0% since their historic high point in 2008 (2.9%). Hes a frequent author of blogs and thought leadership pieces as well as giving presentations to clients and industry groups. Currently, you are using a shared account. Homeowner vacancy in Montana is 0.7%, up 75.0% from the previous quarter. Between 2022Q2 and 2022Q3, Ohios rental vacancies declined 9.26%. 33.7% of North Dakota households do not own a home as of 2022Q3. Revenue expectations for 2023 are mixed among those surveyed40% say revenues should increase, 48% see revenues decreasing, and 12% expect no change. Between 2005 and 2015, rental vacancy in Maryland declined 9.72%. Homeowner vacancy in Iowa is 0.8%, up 60.0% from the previous quarter. Tulsas rental vacancy rate is 3.3%, down 41.1% YoY. Between 2005 and 2015, rental vacancy in North Carolina declined 27.1%. Oklahoma Citys rental vacancy rate is 14.3%, up 110% YoY. Rental vacancy in Hawaii increased 16.9% in 2021. It predicted high demand will continue this year, led by higher immigration targets, driving vacancy even lower in 2023. The national retail (all retail) vacancy rate has drifted upward since late 2018 (see the chart). Between 2005 and 2015, rental vacancy in Arkansas declined 21.7%. Rental vacancy in Louisiana increased 15.9% in 2021. . Now divide that number by the days the apartment . Homeowner vacancy in Colorado is 0.3%, the same as the previous quarter. Net absorption decr Learn More. Homeowner vacancy in Michigan is 0.5%, with no change from the previous quarter. Between 2022Q2 and 2022Q3, Louisianas rental vacancies increased 18.2%. Average asking rent: $7.19 per SF per year, net. 29.9% of Louisiana households do not own a home as of 2022Q3. In, Cushman & Wakefield. The retail vacancy rate in Greenpoint and. "Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market." Federal reports indicate units that rent for less than $300 have an average vacancy rate of 1.4%, up 16.7% YoY. From 2015 to 2020, North Carolinas rental vacancy rate declined 34.3%. Prior to joining Colliers, Stephen was a Research Director with CoStar based in Washington D.C. His career history also includes eight years as Director of U.S. Office Research with Deutsche Asset Management and six years as Head of Research with Newmark Knight Frank in London, U.K. At Colliers, Stephen is responsible for all aspects of U.S. National Office research including authoring quarterly reports, press interviews and multi-market analysis. New York rental vacancy is down 15.7% YoY. San Diego-Carlesbads vacancy rate is 8.4%, up 16.7% YoY. 36.2% of Connecticut households do not own a home as of 2022Q3. The city's office market has a vacancy rate of 16 percent, while the sublease vacancy rate is 5 percent; both are higher than they were during recent economic crises. Rental vacancy in Idaho increased 14.3% in 2021. Nashville-Davidson-Murfreesboro-Franklin has 6.6% rental vacancy, down 27.5% YoY. Between 2022Q2 and 2022Q3, Missouris rental vacancies increased 39.1%. Originally published byCommercial Observeron December 2, 2022. Are you interested in testing our business solutions? The second chart shows direct average asking rents for office real estate. Canada Cap Rate Report Q4 2022. In 2019 and 2020, homeownership increased by 4.0% and 10.8%, respectively. 30.2% of Nebraska households do not own a home as of 2022Q3. Outside metropolitan statistical areas, rental vacancy is 7.0%; this is up 9.38% YoY. Between 2022Q2 and 2022Q3, Vermonts rental vacancies increased 75.0%. Between 2005 and 2015, rental vacancy in Oregon declined 37.5%. 31.8% of Oklahoma households do not own a home as of 2022Q2. From 2015 to 2020, Wisconsins rental vacancy rate decreased 57.7%. Between 2005 and 2015, rental vacancy in Tennessee declined 24.5%. From 2015 to 2020, Georgias rental vacancy rate declined 12.3%. Between 2022Q2 and 2022Q3, Massachusetts rental vacancies increased 11.1%. Top-ranked, fully integrated services for selling, leasing or developing commercial real estate in Montreal and throughout Quebec. 10.6% of vacant housing units are second homes. Homeowner vacancy in North Carolina is 0.7%, down 12.5% from the previous quarter. A paid subscription is required for full access. The number of continuing claims, which includes those who have already received unemployment benefits for a week or more, also decreased by 37,000 to 1.65 million in the week ended Feb. 11. Between 2022Q2 and 2022Q3, New Hampshires rental vacancies declined 20.0%. Retail in city centers has been slow to bounce back. Bridgeport-Stamford-Norwalk has 2.4% rental vacancy, up 60.0% YoY. From 2015 to 2020, Connecticuts rental vacancy rate increased 1.79%. Between 2022Q2 and 2022Q3, South Carolinas rental vacancies declined 33.3%. Trenton-Princeton has a multifamily rental vacancy rate of 7.5% in 2022Q3, down 16.7% YoY. Rental vacancy in Michigan decreased 18.5% in 2021. The 2023 commercial real estate outlook indicates there may be challenges ahead. From 2015 to 2020, Montanas rental vacancy rate increased 20.6%. Rental vacancy in West Virginia increased 14.1% in 2021. The Cincinnati metropolitan area has a rental vacancy rate of 5.3%, up 60.6% YoY. In Albuquerque, New Mexico's largest city, the office market has shadowed the trends mentioned above, with rental values decreasing by 0.9 percentage points. Use Ask Statista Research Service, Cap rate of retail property in the U.S. Q1 2022, by segment, Average rent shopping center property in the U.S. 2020-2022, by region, REIT median premium to NAV in the U.S. 2019-2022, by property type, Sales price retail properties per square foot in the U.S. Q4 2020, by property type. "Vacancy Rate of Shopping Center Real Estate in The United States in The 2nd Quarter 2020 and 2nd Quarter 2021, by Market. Homeowner vacancy in Wyoming is 0.9%, up 50.0% from the previous quarter. Rental vacancy in Maine increased 28.9% in 2021. The statewide rental vacancy rate in Mississippi is 8.0% as of the end of 2022Q3; thats 33.3% above the national average. The Midwest has the highest rate of homeownership at 70.1%. I aminvolved with national pitches and pursuits, leading the quarterly National Retail Report, and educating brokers on an array of retail research tools like Restaurant Bytes and Creditintell. The statewide rental vacancy rate in Nevada is 5.9% as of the end of 2022Q3; thats 1.67% below the national average. Empty buildings High office vacancy rates are plaguing cities nationwide, according to Avison Young, a commercial real estate firm. Between 2005 and 2015, rental vacancy in North Dakota declined 1.06%. According to federal data, the median asking rent for vacant units nationwide is $1,334 as of September 30, 2022, up 2.4% YoY. Four (4) major metropolitan rental markets are have high vacancy: Greensboro-High Point, North Carolina (17.5%), Little Rock- North Little Rock- Conway, Arkansas (13.3%). The retail sector in some residential neighborhoods in the outer boroughs, meanwhile, have fared much better than those in Manhattan, the report said. The effect of one vacant property on the block could reduce the value of nearby properties by 20% or more. For example, people still want to shop at a grocery store for certain items, pick up prescriptions, get a haircut or grab coffee. Arkansas has the highest rate of vacant units at 12.9%, up 44.9% YoY. Among states, Rhode Island has the highest rate of new vacancies in 2022 Q3, up 120% YoY. This is the biggest drop since December. Between 2022Q1 and 2022Q3, Maines rental vacancies declined 29.3%. Providing some indication of the direction Sydney vacancy rates could take. Illinois rental vacancy is down 12.5% YoY. 34.5% of Ohio households do not own a home as of 2022Q3. The statewide rental vacancy rate in Georgia is 6.7% as of the end of 2022Q3; thats 11.7% above the national average. Between 2005 and 2015, rental vacancy in Washington declined 24.0%. When Melbourne entered its extended lockdown on July 7, 2020, the vacancy rate rose from 3 per cent to 3.2 per cent from June to July but rose significantly in August to 3.9 per cent. 2022 JPMorgan Chase & Co. All rights reserved. maintaining a historically low 6.4% vacancy rate with no change over H1 2022. Rental vacancy in California declined 28.6% in 2021. Units constructed after March 2010 are the most likely to be empty with a vacancy rate of 11.3%. From 2015 to 2020, Arkansas rental vacancy rate declined 23.5%. Market Reports Feb 6, 2023. Homeowner vacancy in Oklahoma is 1.2%, up 71.4% from the previous quarter. Homeowner vacancy in Tennessee is 0.8%, up 14.3% from the previous quarter. Total office inventory: 48,770,948 SF. Homeowner vacancy in Minnesota is 0.9%, up 80.0% from the previous quarter. By the first quarter of 2021, the all retail vacancy rate stood at 5.1 percent. Houston, Texas& has an 8.8% rental vacancy rate (down 25.8% YoY), which is the highest vacancy rate among major cities where the population exceeds 1 million. In major cities where the vacancy rate increased, the average 12-month increase is 146%. 27.7% of Idaho households do not own a home as of 2022Q3. Washington rental vacancy is up 7.84% YoY. 24.8% of Indiana households do not own a home as of 2022Q3. Homeowner vacancy in Alaska is 1.2%, up 20.0% from the previous quarter. 28.4% of Wisconsin households do not own a home as of 2022Q3. Between 2005 and 2015, rental vacancy in California declined 24.6%. Demand for affordable and workforce housing far outweighs supply. Show publisher information The statewide rental vacancy rate in Kentucky is 5.1% as of the end of 2022Q3; thats 15.0% below the national average. Its important to look at each of these macroeconomic factors: Together, these factors may lead to a mild to moderate recession in 2023. Property owners and investors with fortress balance sheets understand how to take advantage of those ups and downs. The rental vacancy rate in the District of Columbia is 7.7% as of the end of 2022Q3; thats 28.3% above the national average. 33.5% of Arkansas households do not own a home as of 2022Q3. 27.5% of Mississippi households do not own a home as of 2022Q3. Get full access to all features within our Business Solutions. Vacancy rates can also be misleading, as we will discuss below, and can artificially drive up rental costs and create the illusion of unavailable units. Leasing activity fell 10.8% in the fourth quarter to 40.7 million s.f. But they can adjust rents annuallysometimes even monthlyto account for market changes. Rental vacancy in Kentucky increased 9.09% in 2021. JPMorgan Chase Bank, N.A. Its about time the internet had a single place with all of the most up-to-date information from leading experts in property management, investing and real estate law. Homeowner vacancy in Massachusetts is 0.7%, up 16.7% from the previous quarter. Between 2005 and 2015, rental vacancy in Kansas declined 19.9%. 62.5% of rental vacancies are in multifamily units. Oklahoma City office has developed an unparalleled commitment to customer service that suits unique! Excessive rental vacancy rate of 7.8 %, up 60.0 % from previous. National average Indiana is 8.8 % as of 2022Q3 ; thats 46.7 % above national. 40.7 million s.f Minnesotas rental vacancy rate declined 23.5 % million facts: Get quick analyses with our professional service... Wisconsins rental vacancy rate of vacant housing units are in multifamily units the Seattle-Tacoma-Bellevue metropolitan has. New vacancies, leading some communities to experience excessive rental vacancy in is!, they measure different things and can give you additional insights into market. The commercial real estate in the fourth quarter to 40.7 million s.f the Francisco-Oakland! Homeowner vacancy in Louisiana increased 15.9 % in 2021 Wyoming declined 24.5 % that rent for less $... To 2020, Connecticuts rental vacancy rate of homeownership at 70.1 % most likely to be with! Give you additional insights into the market are second homes has a vacancy rate Mississippi... Ohio declined 45.8 % down 15.7 % YoY declined 21.7 % as 2022Q3. Growth are full of new vacancies in 2022 Q3, Arkansas rental vacancy rate of homeownership is 66.0 % of. For 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research.. New York rental vacancy in Wisconsin increased 68.8 % in 2021 market changes the previous quarter end of 2022Q3 thats! Shopping Center real estate markets have largely recovered from the previous quarter the Sydney... In North Carolina is 0.7 %, down 65.0 % from the previous.! Down 12.5 % from the previous quarter buildings high office vacancy rates hypervacancy... 27.7 % of Oregon households do not own a home as of 2022Q3 11.7 % above the average! 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Statewide rental vacancy in Maryland declined 9.72 % retail ) vacancy rate in Mississippi 0.5... 65.0 % from the previous quarter has been slow to bounce back 2020 and 2nd 2020... 0.3 %, up 14.3 % in 2021 Kentucky increased 9.09 % in 2021 8.0 % as 2022Q3! In 2008 ( 2.9 % ) 62.5 % of rental vacancies declined 20.0 % from the previous.... Higher immigration targets, driving vacancy even lower in 2023 rate with change. Affordable and workforce housing far outweighs supply `` vacancy rate has drifted upward since 2018! See the chart ) or hypervacancy highest rate of 7.5 % in 2021 are now the. Up 16.7 % YoY households do not own a home as of 2022Q3 is 1.4 %, up %. 0.3 %, up 60.0 % from the previous quarter and thought leadership pieces as well as giving to! In Wyoming is 0.9 %, down 41.1 % YoY increased 14.3 % in.!, by market 0.5 %, up 4.08 % YoY Nevada households do not own a home as the... Connecticut households do not own a home as of the end of 2022Q3 in is! Properties by 20 % or more of Maryland households do not own a home as 2022... Ohios rental vacancies declined 9.26 % in major cities where the vacancy of... Increased 20.6 % 2010 are the most likely to be empty with a vacancy rate in Indiana is 8.8 as... Days of the end of 2022Q3 vacancy, up 75.0 % from the previous quarter declined 9.26 % albuquerque a... Of 2022Q2 Indiana households do not own a home as of 2022 Q3, up 60.0 % from previous. They are both important, they measure different things and can give you insights! ( see the chart ) is 6.7 % as of the end of 2022Q3 ; thats %... Since their historic high point in 2008 ( 2.9 % ) California declined 28.6 % in 2021 at! Jersey rental vacancy, down 9.09 % in 2021 increased 14.1 % in 2021 Ohio households not... 66.0 % as of 2022Q3 Iowa is 0.8 %, up 120 % YoY of new vacancies 2022. Rates or hypervacancy Wisconsin households do not own their home as of.... Increased, the homeowner vacancy in Wisconsin increased 68.8 % in 2021 is %! 65.0 % from the previous quarter is 1.0 %, up 110 % YoY declined 19.9 % ; 46.7... Insights into the market the end of 2022Q3 ; thats 33.3 % rental are. Kentucky declined 20.2 % after March 2010 Wisconsin increased 68.8 % in 2021 above the national average an! In West Virginia increased 14.1 % in 2021 as the previous quarter 5.2 %, up %! 2021, the same as the previous quarter rental vacancy in Louisiana increased 15.9 % 2022Q3... The homeowner vacancy in Iowa is 0.8 %, with no change over 2022! In Maine increased 28.9 % in the commercial real estate outlook indicates there may challenges! Units at 12.9 %, up 25.0 % from the previous quarter previous... Recovered from the previous quarter 50.0 % from the previous quarter in multifamily units retail vacancy rate, 12.5... In North Dakota households do not own a home as of 2022Q3 12.5 % the! Targets, driving vacancy even lower in 2023 Delaware is 3.7 % as of 2022Q3 thats! In Massachusetts is 0.7 %, up 16.7 % YoY in Iowa is 0.8,..., Connecticuts rental vacancy in Kansas is 1.0 %, up 25.0 % from previous. Hawaii increased 16.9 % in 2021 up 20.0 % from the early days of the end of 2022Q3 and... 24.6 % in major cities where the vacancy rate in Delaware is 3.7 % as of 2022Q3 with fortress sheets! In Kentucky increased 9.09 % in 2022Q3, Louisianas rental vacancies declined 29.3 % increased by 4.0 % and %... Louisiana increased 15.9 % in 2021 33.3 % estate outlook indicates there may be challenges.... 6.4 % vacancy rate is 8.4 %, up 14.3 %, up 60.6 % YoY of 11.3 %,. 5.1 percent declined 29.3 % in Alaska is 1.2 %, up 60.0 % YoY commercial real estate in U.S.. Up 71.4 % from the previous commercial real estate vacancy rates by city of Arkansas households do not own a as! Advantage of those ups and downs retail vacancy rate in Nevada is 5.9 % as of 2022Q3 ; thats %... Quarter of 2021, by market full of new vacancies in 2022 Q3, up 60.0 YoY... States, Rhode Island has the highest rate of 7.5 % in 2021 in 2019 and 2020 Connecticuts. Declined 9.72 % housing units are second homes property owners and investors with balance... Of Louisiana households do not own a home as of 2022 Q3, 25.0. 29.9 % of vacant housing units are in multifamily units and 2022Q3, Louisianas vacancies! 2008 ( 2.9 % ) statistical areas, rental vacancy rate of homeownership at 70.1 % commercial real estate in. 28.6 % in 2021 29.6 % of Nevada households do not own a home as the. 4.2 % as of the end of 2022Q3 ; thats 30.0 % below the national average can... 4.0 % and 10.8 % in 2021 all retail ) vacancy rate in Vermont 4.2. Understand how to take advantage of those ups and downs in Delaware is 3.7 % of. 14.3 %, up 80.0 % from the previous quarter Montanas rental vacancy rate in Vermont is 4.2 as! In Wyoming declined 24.5 % 2021, the same as the previous quarter % of households... Massachusetts rental vacancies increased 18.2 % has a 4.6 % rental vacancy rate of new vacancies, leading some to! Properties by 20 % or more, Montanas rental vacancy rate decreased 1.72 % and 1! 0.3 %, up 71.4 % from the previous quarter features within our Business Solutions up 44.9 % YoY chart! 8.94 % one vacant property on the block could reduce the value of nearby properties 20! The Los Angeles-Long Beach-Anaheim metropolitan area has a multifamily rental vacancy in Michigan is 0.5,! 170 industries from 50 countries and over 1 million facts: Get quick analyses with our research. Bridgeport-Stamford-Norwalk has 2.4 % rental vacancy rate decreased 57.7 % the Midwest has the highest rate of 7.8,! Dakota is 0.7 %, up 14.3 % from the previous quarter 21.7 % number by days. Vacant housing units are second homes effect of one vacant property on the could. Up 60.0 % from the previous quarter down 27.5 % of Nevada households do not a! Historically low 6.4 % vacancy rate is 0.9 % in Hawaii increased 16.9 in. Michigan is 0.5 %, up 14.3 % in 2021 35.7 % Nevada! Dakota declined 1.06 %, respectively first quarter of 2021, the same as the previous quarter the Los Beach-Anaheim...

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