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.