The U.S. Census Bureau reported today the Portland/Vancouver metro area vacancy
rate fell from 5.2 percent in Q4 2012 to 3.3 percent in the first quarter, tying with Grand Rapids for the nation's lowest rental vacancy rate among
the top 75 U.S. Metropolitan Statistical Areas (MSAs). This estimate is
slightly less than the 3.55 percent vacancy rate reported by Multifamily NW in their spring 2013 survey.
The nation's 11 lowest vacancy rates were as
follows:
- Portland-Vancouver-Beaverton, OR - 3.3% (tie)
- Grand Rapids-Wyoming, MI - 3.3% (tie)
- San Jose-Sunnyvale-Santa Clara, CA - 4.0%
- Honolulu, HI - 4.3% (tie)
- Poughkeepsie-Newburgh-Middletown, N.J. - 4.3% (tie)
- Los Angeles-Long Beach-Santa Ana, CA - 4.4%
- Seattle-Tacoma-Bellevue, WA - 4.6%
- Rochester, NY - 4.9%
- Miami-Fort Lauderdale-Miami Beach, FL - 5.1% (tie)
- New York-Northern New Jersey-Long Island - 5.1% (tie)
- Dayton, OH - 14.3%
- Memphis, TN-AR-MS - 14.6%
- Las Vegas-Paradise, NV - 14.9%
- St. Louis, MO-IL - 15.6%
- Milwaukee-Waukesha-West Allis, WI - 15.7%
- Tucson, AZ - 20.8%
Download the Census Bureau table here.
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