Tuesday, December 1, 2009

U.S. Census Bureau Ranks Portland / Vancouver / Beaverton Market 3rd Lowest in Rental Vacancy Rates

The U.S. Census Bureau has reported 3rd 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 third lowest vacancy rate. 

Lowest vacancy rates were reported as follows:

  • Springfield, MA 1.8%
  • Grand Rapids-Wyoming, MI 4.5%
  • Portland-Vancouver-Beaverton, OR-WA 5.1%
  • Nashville-Davidson-Murfreesboro, TN 5.7%
  • New York-Northern New Jersey-Long Island, NY 6.1%
  • Oxnard-Thousand Oaks-Ventura, CA 6.1%
  • Providence-New Bedford-Fall River RI-MA 6.4%
  • Boston-Cambridge-Quincy, MA-NH 6.7%
  • New Haven-Milford, CT 7.1%
  • Virginia Beach-Norfolk-Newport News, VA 7.1%
  • Los Angeles-Long Beach-Santa Ana, CA 7.2%
 The MSA's with the five highest vacancy rates were as follows:
  • Orlando, FL 28.1%
  • Memphis, TN-AR-MS 26.0%
  • New Orleans-Metairie-Kenner, LA 21.3%
  • Greensboro-High Point, NC 19.9%
  • Richmond, VA 19.7%
Read the full report online.