Portland Metro Q4 Vacancy Rate Falls Again, to 2.9%
The U.S. Census Bureau reports that the Portland/Vancouver metro area’s vacancy rate fell yet again, from3.1 percent to 2.9 percent in the fourth quarter of 2011.
Seattle-Tacoma-Bellevue, WA had a
Q4 2011 vacancy estimate of 5.8 percent, down from 6.8 percent the prior quarter
and the nation’s 16th lowest.
The nation’s 10 lowest vacancy
rates were:
rates were:
- Rochester, NY 0.6
- Bakersfield, CA 2.1
- Syracuse, NY 2.6
- Alburquerque, NM 2.8
- Portland-Vancouver-Beaverton, OR-WA 2.9
- Springfield, MA 3.8
- Oxnard-Thousand Oaks-Ventura, CA 4.1
- Austin-Round Rock, TX 4.3
- Worcester, MA 5.0
- Los Angeles-Long Beach-Santa Ana, CA 5.1
- Denver-Aurora, CO 5.2
The MSA’s with the
five highest vacancy rates were as follows:
five highest vacancy rates were as follows:
- Detroit-Warren-Livonia, MI 16.2
- St. Louis, MO-IL 16.4
- Richmond, VA 16.8
- Memphis, TN-AR-MS 18.5
- Orlando, FL 20.5
Click here to download the full report.
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