Wednesday, February 1, 2012

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, from 3.1 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:

  • 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:
  • 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.