Monday, July 30, 2012

U.S. Census: Portland / Vancouver Multifamily Vacancy Rate Q2 2012 is 5.8%


The U.S. Census Bureau reports Portland's vacancy rate rose from 4.2% in Q1 2012 to 5.8%, landing it in the middle of the pack of the nation's vacancy rates among the top 75 U.S. Metropolitan Statistical Areas (MSAs).

Seattle-Tacoma-Bellevue, WA had a Q2 2012 vacancy estimate of 3.2 percent, down from 7.5 percent a year earlier.

The nation's 10 lowest vacancy rates were as follows:


  • Bakersfield, CA - 0.7%
  • Worcester, MA - 0.8%
  • Oxnard-Thousand Oaks-Ventura, CA - 1.1%
  • Rochester, NY - 1.4%
  • Fresno, CA - 2.4%
  • Allentown-Bethlehem-Easton, PA-NJ - 2.5%
  • Grand Rapids-Wyoming, MI - 2.9%
  • San Francisco-Oakland-Fremont, CA - 3.2%
  • Seattle-Tacoma-Bellevue, WA - 3.2%
  • San Jose-Sunnyvale-Santa Clara, CA - 3.5%
  • Denver-Aurora, CO - 4.1%

The MSA's with the five highest vacancy rates were as follows:

  • Richmond, VA\28 - 14.9%
  • Tampa-St. Petersburg-Clearwater, FL - 15.5%
  • Tucson, AZ - 16.2%
  • Memphis, TN-AR-MS - 16.5%
  • New Orleans-Metairie-Kenner, LA - 21.3%
  • Orlando, FL - 21.3%