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%
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