U.S. Census Bureau Ranks Portland / Vancouver / Beaverton Nation’s 7th Lowest in Rental Vacancy Rates
The U.S. Census Bureau has reported 4th quarter vacancy rate estimates for the top 75 U.S. Metropolitan Statistical Areas (MSAs). The Portland/ Vancouver/ Beaverton area ranked as having the nation’s seventh lowest vacancy rate – a slight increase in vacancy from the 3rd quarter 2009, increasing from 5.1% to 5.3%
Lowest vacancy rates were reported as follows:
- Springfield, MA 3.0%
- Bakersfield, CA 3.3%
- Boston-Cambridge-Quincy, MA-NH 3.7%
- Albany-Schenectady-Troy, NY 4.1%
- Columbus, OH 4.7%
- Honolulu, HI 5.2%
- Portland-Vancouver-Beaverton, OR-WA 5.3%
- Oxnard-Thousand Oaks-Ventura, CA 5.9%
- Alburquerque, NM 6.1%
- New York-Northern New Jersey-Long Island, NY 6.2%
The MSA’s with the five highest vacancy rates were as follows:
- Louisville, KY-IN 20.2%
- Tulsa, OK 21.7%
- Dayton, OH 22.0%
- Orlando, FL 22.9%
- Memphis, TN-AR-MS 23.9%
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com