Tuesday, July 17, 2012

REIS Reports National Vacancy Rates Below 5% With Portland at 2.2%



"With overall vacancy below this level, it appears that rents are beginning to accelerate,” according to Reis Senior Economist Ryan Severino. This is only the third time in Reis’s 31 year history that the national vacancy rate has fallen below 5 percent. Read the full story on National Real Estate Investor.

Meanwhile for Portland, REIS reported the Rose City and surrounds are enjoying a 2.2 vacancy rate, second only to the Big Apple.