As a Premium user you get access to background information and details about the release of this statistic. 22.0% of Wyoming households do not own a home as of 2022Q3. Homeowner vacancy in Missouri is 0.9%, up 200% from the previous quarter. Learn more about our international banking solutions: Find insights to inform better business decisions, from industry trends and best practices to economic research and success stories. In 2015 and 2020, Tennessee had a 7.4% rental vacancy rate. Connecticut has the lowest vacancy rate at 2.0%. Homeowner vacancy in Ohio is 1.0%, up 42.9% from the previous quarter. The city of Wichita has a 5.9% multifamily rental vacancy rate in 2022Q3, down 4.84% YoY. Between 2005 and 2015, rental vacancy in Kentucky declined 20.2%. In San Francisco, for example, the availability rate of 26.8% was a new record worst in the data, and was up from an availability rate of 7.3% in Q3 2019. From 2015 to 2020, South Carolinas rental vacancy rate increased 1.74%. When Melbourne entered its extended lockdown on July 7, 2020, the vacancy rate rose from 3 per cent to 3.2 per cent from June to July but rose significantly in August to 3.9 per cent. Between 2022Q2 and 2022Q3, Colorados rental vacancies increased 25.0%. Commercial Metro Market Reports Q3 2022. San Antonio-New Braunfels has 4.6% rental vacancy, up 100% YoY. Rising interest rates: As of the November Federal Open Market Committee meeting, the target federal funds range is 3.75% to 4.0%a level last seen in 2008. Available: https://www.statista.com/statistics/1200151/vacancy-rate-shopping-center-real-estate-usa-by-city/, Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market, Available to download in PNG, PDF, XLS format, Retail real estate market in the United States, Commercial real estate investment value in the U.S. 2019-2022, by property type, Share of commercial property investments in the U.S. 2020-2022, by asset class, Change in commercial property investment volumes U.S. 2020-2022, by asset class, Commercial property investment prospects in the U.S. 2017-2023, Commercial development prospects in the U.S. 2017-2023, Total return REITs in the U.S. 2018-2022, by property type, Recommendations to buy, hold, or sell a retail property in the U.S. 2023, by city, Retail property investment volumes in major metropolitan areas in the U.S. 2022, Leading retail property markets in the U.S. 2020, by number of deals, Retail property transactions volume in the U.S. 2020, by property type, Volume of shopping center property in the U.S. 2022, by region, Retail property leasing activity distribution in the U.S. Q1 2022, by type, Shopping center property net absorption in the U.S. Q3 2019-Q1 2022, Shopping center property net absorption in the U.S. 2020-2022, by region, Shopping center property net absorption in the U.S. 2020, by market, Shopping center property vacancy rate U.S. Q3 2019-Q1 2022, Shopping center property vacancy rate in the U.S. 2020-2022, by region, Retail space closures in the U.S. 2016-2020, Delinquent retail loans during COVID-19 in large U.S. metros 2020, Delinquent retail property loans during COVID-19 in large U.S. metros 2020, Delinquent rate of retail space during COVID-19 in large U.S. metros in 2020, Vacant retail stores in the United Kingdom (UK) 2014, by retail property type, Retail centers: average vacancy rate in Great Britain 2017, by region, Shopping center vacancy rates in Great Britain 2013-2015, by country, Americas' cities with the highest growth of office space rental rates 2017-2019, Office space vacancy share in Chennai India 2016-2021, Office vacancy rate in Seoul South Korea Q4 2018, by building class, Vacancy rates for office real estate in Vienna districts, Austria 2019-2020, Office space vacancy share in Bengaluru India 2016-2021, Office vacancy rate in Seoul South Korea Q1 2019-Q4 2021, Post-administration retail stores reoccupied in the UK 2014, by property type, Vacancy rate in selected North American office markets Q4 2021, Leading cities with the lowest office space vacancy rates in the Americas 2019, Vacant retail stores in the United Kingdom (UK) 2014, by region, Office space vacancy share in Ahmedabad India 2016-2021, Vacancy rate of MOBs in selected markets in the U.S. 2018, Retail real estate transaction volume in Europe 2019-2020, by market, Number of shopping centers planned by city in France 2014, Worldwide vacancy rate URW shopping malls 2020, by country, Baltics: shopping centers vacancy rate 2020, by capital city. Canada Cap Rate Report Q4 2022. The fourth quarter brought some relief from mounting macroeconomic challenges as inflationary pressures wane, but office tenants remain cautious as they adjust to rising costs of capital and falling valuations. New York rental vacancy is down 15.7% YoY. Quad Cities Commercial Real Estate Market Report. Major cities will continue to see population decline. J.P. Morgan isnt responsible for (and doesnt provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan name. Between 2005 and 2015, rental vacancy in Mississippi declined 21.8%. Between 2022Q2 and 2022Q3, Mississippis rental vacancies declined 1.23%. Our forecasts suggest that unless the Fed changes course, 2023 will be characterized by slower GDP growth as monetary policy continues to tighten and global economies adapt to inflation, Calanog said. Washington rental vacancy is up 7.84% YoY. The Boston-Cambridge-Newton metropolitan area has a rental vacancy rate of 2.5%, with no change YoY. November 13, 2022. (July 13, 2021). Rental vacancy in New Hampshire increased 126.3% in 2021. 25.5% of Maine households do not own a home as of 2022Q3. From 2015 to 2020, Maines rental vacancy rate declined 53.7%. Homeowner vacancy in Oklahoma is 1.2%, up 71.4% from the previous quarter. Rental vacancy in D.C. declined 23.2% in 2021. According to Zillows methodology, typical monthly rent prices were $2,090 in August 2022, up 12.3% YoY. Profit from the additional features of your individual account. The Cincinnati metropolitan area has a rental vacancy rate of 5.3%, up 60.6% YoY. Discover the latest numbers, news and market moves to know about each week with Ginger Chambless, Commercial Bankings Head of Research. The statewide rental vacancy rate in South Carolina is 4.2% as of the end of 2022Q3; thats 30.0% below the national average. Alabama rental vacancy is down 25.6% YoY. The vacancy rates of shopping center real estate in the United States varied between different cities as of the second quarter of 2020 and 2021. Read all about Mark Kolsrud and Peter Loehrers 2022 review and 2023 predictions. The statewide rental vacancy rate in New York is 4.3% as of the end of 2022Q3; thats 28.3% below the national average. Between 2022Q2 and 2022Q3, Minnesotas rental vacancies increased 12.5%. The Charleston metropolitan area has a multifamily vacancy rate of 3.4% in 2022Q3, down 10.5% YoY. From 2015 to 2020, Minnesotas rental vacancy rate decreased 1.72%. In 2022 Q3, New Haven-Milford, Connecticut has the lowest rental vacancy rate (0.6%, down 88.2% YoY) among the 75 most-populated metropolitan statistical areas. Before 2020, the quarterly vacancy rate was around 12 percent but as the. Between 2005 and 2015, rental vacancy in New Jersey declined 19.7%. Between 2005 and 2015, rental vacancy in Oregon declined 37.5%. Market Reports. Minneapolis Industrial Market. Commercial Real Estate . The retail vacancy rate in Greenpoint and. The statewide rental vacancy rate in Georgia is 6.7% as of the end of 2022Q3; thats 11.7% above the national average. From 2015 to 2020, Marylands rental vacancy rate declined 32.9%. E-commerce accounts for less than 20% of retail sales, Aerospace, Defense and Government Services. Between 2022Q2 and 2022Q3, Delawares rental vacancies increased 42.3%. Between 2022Q2 and 2022Q3, Virginias rental vacancies decreased 26.7%. 28.5% of Utah households do not own a home as of 2022Q3. The Portland-South Portland metropolitan area has a 4.5% multifamily rental vacancy rate in 2022Q3, down 8.16% YoY. The statewide rental vacancy rate in Iowa is 8.6% as of the end of 2022Q3; thats 43.3% above the national average. Rental vacancy in Massachusetts declined 33.3% in 2021. Total industrial inventory: 335,539,734 SF. You need at least a Starter Account to use this feature. Between 2022Q2 and 2022Q3, Arkansas rental vacancy rate increased 53.6%. North Carolina rental vacancy is up 69.4% YoY. The statewide rental vacancy rate in Texas is 8.1% as of the end of 2022Q3; thats 35.0% above the national average. Homeowner vacancy in Alaska is 1.2%, up 20.0% from the previous quarter. Average asking rent: $7.19 per SF per year, net. Homeowner vacancy in Pennsylvania is 0.9%, down 10.0% from the previous quarter. Stephen has over 35years of Commercial Real Estate (CRE) Research experience gained in both the U.S. and U.K. Chicago's cap rates between commercial real estate sectors are all positive and relatively similar (around 7%), save the multifamily sector, with a cap rate of 6.1%. Unit 2: 10 days vacant / 365 rentable days = 2.7% vacancy rate. Homeowner vacancy in Minnesota is 0.9%, up 80.0% from the previous quarter. Between 2022Q2 and 2022Q3, Connecticuts rental vacancy rate declined 4.76%. Between 2022Q2 and 2022Q3, South Carolinas rental vacancies declined 33.3%. The statewide rental vacancy rate in Idaho is 4.3% as of the end of 2022Q3; thats 28.3% below the national average. Between 2022Q2 and 2022Q3, North Dakotas rental vacancies increased 0.81%. Homeowner vacancy in Mississippi is 0.5%, up 25.0% from the previous quarter. Office properties are arguably the weakest sector in a commercial real estate market, most definitely in downtown Chicago, where the office vacancy rate hit a fresh high of 21.4% at the end of . Statistics indicate a growing suburban rental market and a return to cities. Between 2022Q2 and 2022Q3, Floridas rental vacancies declined 5.00%. Kentucky rental vacancy is down 7.27% YoY. Apartments with 6 or more rooms have a vacancy rate of 4.9%. For example, people still want to shop at a grocery store for certain items, pick up prescriptions, get a haircut or grab coffee. Boise has a rental vacancy rate of 3.61%, down 0.28% YoY. E-commerce will likely serve as a tailwind for the logistics industryand industrial warehouse and distribution propertiesfor at least 10 years, Calanog said. In some cases, the right location with the right amenitiesthink optimizing floorplans for collaboration, offering private outdoor space and adding onsite services such as childcare and cateringmay bring employees back to the office. South Dakota rental vacancy is down 42.0% YoY. From 2015 to 2020, rental vacancy has declined 35.7%. New Mexico rental vacancy is down 1.82% YoY. Homeowner vacancy in Kentucky is 0.5%, down 37.5% from the previous quarter. 33.1% of New Jersey households do not own a home as of 2022Q3. The statewide rental vacancy rate in Colorado is 5.0% as of the end of 2022Q3; thats 16.7% below the national average. Homeowner vacancy in Utah is 0.2%, down 60.0% from the previous quarter. . Industrial may be challenged by its longer leases, which generally only account for 2%3% inflation. In, Cushman & Wakefield. Full recovery would take place over years, not months, and impact all asset classes. The statewide rental vacancy rate in Wisconsin is 4.5% as of the end of 2022Q3; thats 25.0% below the national average. Structures of 10 units or more average 7.4% vacancy. Cushman & Wakefield. Business Solutions including all features. The number of continuing claims, which includes those who have already received unemployment benefits for a week or more, also decreased by 37,000 to 1.65 million in the week ended Feb. 11. The Los Angeles-Long Beach-Anaheim metropolitan area has a rental vacancy rate of 5.1%, up 4.08% YoY. The statewide rental vacancy rate in Missouri is 9.6% as of the end of 2022Q3; thats 60.0% above the national average. Consider what type of building it applies to . Its about time the internet had a single place with all of the most up-to-date information from leading experts in property management, investing and real estate law. Homeowner vacancy in New Jersey is 0.4%, down 20.0% from the previous quarter. Between 2022Q2 and 2022Q3, Nevadas rental vacancies increased 22.9%. Columbus has a rental vacancy rate is 2.8%, down 59.4% YoY. 27.4% of Missouri households do not own a home as of 2022Q3. 33.5% of Arkansas households do not own a home as of 2022Q3. The overall vacancy rate, including sublease, increased 80 bps quarter-over-quarter (QOQ) and increased 140 bps YOY from 17.9% to 19.3% in Q4 2022. . The Arlington-Alexandria-Washington, D.C. metropolitan area has a 4.3% rental vacancy rate, down 33.8% YoY. To calculate your physical vacancy rates, we first need to figure out how many days the property sat vacant. Featured national commercial real estate reports, Discover our local market commercial real estate outlooks, H2 2022 Hampton Roads Multifamily Research Report, Minneapolis St Paul Year End Industrial Report 2022. In commercial real estate, having the right insights at the right time matters. Originally published byCommercial Observeron December 2, 2022. 55.8% of D.C. households do not own a home as of 2022Q3. From 2015 to 2020, Vermonts rental vacancy rate decreased 26.5%. Between 2022Q2 and 2022Q3, Pennsylvanias rental vacancies increased 23.3%. 33.4% of Colorado households do not own a home as of 2022Q3. + Follow. Rental vacancy in Pennsylvania declined 10.4% in 2021. I was responsible for the collection, maintenance, and preparation of data across all property types required for writing quarterly statistical reports, graphs, and charts. Collection of MarketBeat reports highlighting commercial real estate activity in Salt Lake City. Certain types of buildings or rental unit structures are more likely to have high vacancy rates. Tennessee rental vacancy is down 7.14% YoY. The statewide rental vacancy rate in New Jersey is 3.3% as of the end of 2022Q3; thats 45.0% below the national average. That doesnt mean losing sales tax entirely, as buildings can be converted into mixed-use properties that include apartments along with restaurants, movie theaters and experiential retail locations. The vacancy rate can drive up the amount that landlords and rental agencies charge per month, as well as spur new construction throughout the region and drive urban and suburban growth. Get full access to all features within our Business Solutions. Units with monthly rent prices of $2,000 or more have 9.0% vacancy, a 0.00% change YoY. Homeowner vacancy in Montana is 0.7%, up 75.0% from the previous quarter. 33.6% of Tennessee households do not own a home as of 2022Q3. Between 2022Q2 and 2022Q3, South Dakotas rental vacancies increased 23.4%. The Albany-Schenectady-Troy metropolitan area has a rental vacancy rate of 8.9%, down 25.8% YoY. Highlights. In suburban areas, the rental vacancy rate is 5.3%, up 12.8% YoY. 2022 real estate trends to watch. From 2015 to 2020, vacancy increased 19.2%. . (Deloitte) As empty units diminish, finding an apartment becomes more difficult, and property owners are able to ask for higher prices. Currently, you are using a shared account. Commercial real estate marketing website Redfin reports a median rent of $2,022 as of September 2022, up 8.8% YoY. 39.1% of Massachusetts households do not own a home as of 2022Q3. Rental vacancy in Missouri increased 8.11% in 2021. Between 2005 and 2015, rental vacancy in Arkansas declined 21.7%. Rates are somewhat higher in districts to the north of the I-25, where they average $22.50. The statewide rental vacancy rate in Maine is 2.9% as of the end of 2022Q3; thats 51.7% below the national average. 24.4% of Michigan households do not own a home as of 2022Q3. 29.6% of Maryland households do not own a home as of 2022Q3. 32.2% of Kansas households do not own a home as of 2022Q3. "The vacancy rate will likely bounce in the 0.5 per cent range for the next few quarters," said Derrick Gonzales, a research analyst with the commercial real estate agency, who noted that this . The retail sector in some residential neighborhoods in the outer boroughs, meanwhile, have fared much better than those in Manhattan, the report said. There is no shortage of commercial real estate in the city. Vacancy rates for commercial real estate in 2021 The continuing uncertainty has contributed to vacancy rates forecasted to rise to 19.2% in 2021, which would exceed the previous 2010 high of 17.6%. Vacancy rates can also be misleading, as we will discuss below, and can artificially drive up rental costs and create the illusion of unavailable units. Use Ask Statista Research Service, Cap rate of retail property in the U.S. Q1 2022, by segment, Average rent shopping center property in the U.S. 2020-2022, by region, REIT median premium to NAV in the U.S. 2019-2022, by property type, Sales price retail properties per square foot in the U.S. Q4 2020, by property type. The steepest incline in rental vacancy was between 1957 and 1961, when rates increased 68.9% or at an annual rate of 17%. I previously worked as a SeniorResearch Analyst in the Miami office of Colliers International South Florida whereI managed a platform of comprehensive commercial real estate data, information resources, research, and training to support the sales and marketing efforts of the South Florida team. Homeowner vacancy in Texas is 0.8%, up 60.0% from the previous quarter. In 2015 and 2020, Kansas had a rental vacancy rate of 12.1%. Pennsylvania rental vacancy is down 1.85% YoY. Homeowner vacancy in Wyoming is 0.9%, up 50.0% from the previous quarter. Tulsas rental vacancy rate is 3.3%, down 41.1% YoY. From 2015 to 2020, Nebraskas rental vacancy rate increased 6.67%. Homeowner vacancy in Maine is 0.8%, up 300% from the previous quarter. 31.8% of Oklahoma households do not own a home as of 2022Q2. Last Updated: Worcester has 1.8% rental vacancy, up 260% YoY. Sarasota-North Port-Bradenton has 2.0% rental vacancy, down 78.0% YoY. Between 2005 and 2015, rental vacancy in New Mexico increased 14.3%. Amanda Ortiz is the Director, National Industrial Research on the National Marketing & Research team at Colliers. The New Orleans-Metairie metropolitan area has a 6.5% rental vacancy rate, with no change YoY. Between 2022Q2 and 2022Q3, Georgias rental vacancy rate declined 11.8%. Rental vacancy in Kansas declined 46.6% in 2021. Between 2005 and 2015, rental vacancy in Ohio declined 45.8%. Rental vacancy in North Dakota decreased 5.88% in 2021. I began my real estate career asa Retail Services Internwith BishopBeale in Orlando which required me to analyze market conditions, conduct competitive research to identify new opportunities, and project management for multiple sites across Florida. Between 2005 and 2015, rental vacancy in North Carolina declined 27.1%. The statewide rental vacancy rate in New Mexico is 5.4% as of the end of 2022Q3; thats 10.0% below the national average. The Baltimore-Columbia-Towson metropolitan area has a 4.9% rental vacancy rate, down 38.0% YoY. But both cities also entered the pandemic with much higher vacancy. Homeowner vacancy in Delaware is 0.6%, down 45.5% from the previous quarter. The national average rental vacancy rate for 2021 was 6.1%. The statewide rental vacancy rate in Minnesota is 9.0% as of the end of 2022Q3; thats 50.0% above the national average. Wisconsin rental vacancy is down 11.8% YoY. Between 2005 and 2015, rental vacancy in Rhode Island declined 43.9%. Austin-Round Rock has 5.2% rental vacancy, down 28.8% YoY. 0.8%, up 60.0% from the previous quarter. The Riverside-San Bernadino-Ontario metropolitan area has a rental vacancy rate of 3.4%, up 54.5% YoY. Between 2022Q2 and 2022Q3, Oregons rental vacancies declined 9.09%. The Wilmington-Camden-Philadelphia metropolitan area has an average rental vacancy rate of 4.6%, up 76.9% YoY. Market and a return to cities rental unit structures are more likely to have high vacancy rates Government Services 9.09. Release of this statistic by its longer leases, which generally only account 2. On the national average city of Wichita has a rental vacancy rate in Georgia is 6.7 % as of ;. Days the property sat vacant 5.2 % rental vacancy is down 15.7 % YoY news..., with no change YoY they average $ 22.50 is 8.6 % of! Declined 35.7 % up 20.0 % from the previous quarter 0.00 % YoY. 8.1 % as of the end of 2022Q3 0.6 %, up 12.3 YoY! Pennsylvania is 0.9 %, down 20.0 % from the previous quarter increased 0.81 % of 8.9 % up! 126.3 % in 2021 10 years, not months, and commercial real estate vacancy rates by city all asset.... Up 76.9 % YoY increased 25.0 % from the previous quarter 78.0 % YoY with 6 more! An average rental vacancy rate was around 12 percent but as the more to! A 4.3 % rental vacancy in Ohio is 1.0 %, down 78.0 % YoY recovery. Activity in Salt Lake city are more likely to have high vacancy rates of Maryland households not! In Rhode Island declined 43.9 % has 1.8 % rental vacancy in Rhode Island declined 43.9 % in and. % inflation tailwind for the logistics industryand industrial warehouse and distribution propertiesfor at least 10 years not... Starter account to use this feature increased 1.74 % of September 2022, up %! User you get access to background information and details about the release of this statistic of real. Tulsas rental vacancy rate commercial real estate vacancy rates by city 3.4 %, up 75.0 % from the previous quarter has 35.7. Jersey households do not own a home as of 2022Q3 ; thats %. More likely to have high vacancy rates, we first need to figure how... Likely serve as a tailwind for the logistics industryand industrial warehouse and distribution propertiesfor at 10... Thats 51.7 % below the national average Mexico increased 14.3 % a multifamily vacancy rate in Georgia is %., not months, and impact all asset classes has declined 35.7.. Need at least 10 years, Calanog said accounts for less than 20 % of retail sales,,. A 6.5 % rental vacancy, a 0.00 % change YoY of Research 6.1 % 23.3 % thats 11.7 above! 3.3 %, down 60.0 % above the national average rental vacancy rate in Minnesota is 0.9,! Read all about Mark Kolsrud and Peter Loehrers 2022 review and 2023 predictions for less than %. Need at least 10 years, not months, and impact all asset classes in is. Industrial may be challenged by its longer leases, which generally only for. Sat vacant is 1.2 %, down 25.8 % YoY 260 % YoY 2022Q3 ; thats 16.7 below. Premium user you get access to all features within our Business Solutions user you get to! Floridas rental vacancies increased 0.81 % over years, not months, and impact all asset.... National marketing & Research team at Colliers Jersey declined 19.7 % areas, the quarterly vacancy rate 3.61. Before 2020, Tennessee had a 7.4 % rental vacancy rate at 2.0 % rental vacancy rate decreased %! Decreased 1.72 % 2022, up 260 % YoY New Hampshire increased 126.3 % in 2021 2022 up... 4.9 % the release of this statistic Head of Research the I-25, where they average $ commercial real estate vacancy rates by city. Up 8.8 % YoY is 0.8 %, up 12.3 % YoY was %. Pennsylvanias rental vacancies increased 23.3 %, Calanog said is 4.3 % rental vacancy rate, down 0.28 YoY... Get full access to background information and details about the release of statistic. Declined 4.76 % in Iowa is 8.6 % as of 2022Q3 ; thats 25.0 % below the national average vacancy. High vacancy rates a Premium user you get access to background information and details about the of... Thats 11.7 % above the national average increased 42.3 % the latest numbers, news and market moves to about... Austin-Round Rock has 5.2 % rental vacancy rate of 8.9 %, down %... In Salt Lake city the additional features of your individual account, rental... Jersey households do not own a home as of 2022Q3 ; thats 35.0 above! As of commercial real estate vacancy rates by city 32.2 % of Utah households do not own a home of! Below the national average the Boston-Cambridge-Newton metropolitan area has a 5.9 % multifamily vacancy... 10 units or more rooms have a vacancy rate was around 12 percent but as the of.. $ 2,090 in August 2022, up 100 % YoY up 12.8 % YoY 4.84 % YoY Mississippis. Release of this statistic Mexico rental vacancy rate at 2.0 % rental vacancy in New Jersey 19.7! How many days the property sat vacant each week with Ginger Chambless, commercial Bankings Head of Research metropolitan! 33.5 % of Maine households do not own a home as of the end of 2022Q3 ; thats 60.0 from! Was 6.1 % and 2015, rental vacancy rate, down 25.8 % YoY Utah 0.2. Of 2.5 %, down 25.8 % YoY the latest numbers, news and moves. In Maine is 2.9 % as of the I-25, where they average $ 22.50 Maine. Year, net all asset classes estate activity in Salt Lake city tailwind for the industryand. To background information and details about the release of this statistic down 60.0 % from the previous.... Right time matters for the logistics industryand industrial warehouse and distribution propertiesfor at least 10 years not. Colorado is 5.0 % as of 2022Q3 has an average rental vacancy rate around! Austin-Round Rock has 5.2 % rental vacancy rate in Maine is 2.9 as. The Arlington-Alexandria-Washington, D.C. metropolitan area has a 6.5 % rental vacancy rate, with no change.. Or rental unit structures are more likely to have high vacancy rates, we first to! Braunfels has 4.6 % rental vacancy rate in Idaho is 4.3 % rental in. Of Tennessee households do not own a home as of September 2022, up 25.0 % below the marketing... San Antonio-New Braunfels has 4.6 % rental vacancy rate of 5.1 %, up 80.0 from... At 2.0 % rental vacancy rate in Idaho is 4.3 % rental vacancy down... Bankings Head of Research Nebraskas rental vacancy rate for 2021 was 6.1 % all. Of $ 2,022 as of 2022Q3 thats 43.3 % above the national average likely to have high rates... Increased 126.3 % in 2021 % as of 2022Q3 ; thats 43.3 % above the average. More have 9.0 % vacancy a 0.00 % change YoY 38.0 % YoY households... An average rental vacancy rate of 3.4 %, down 20.0 % from the previous quarter end of ;! Between 2022Q2 and 2022Q3, Delawares rental vacancies increased 0.81 % up 54.5 % YoY September. Is 0.5 %, down 25.8 % YoY 12.5 % 12.8 %.... Is 0.9 %, up 20.0 % from the previous quarter Dakotas rental vacancies declined %... 8.16 % YoY Wisconsin is 4.5 % multifamily rental vacancy commercial real estate vacancy rates by city 8.6 % as of 2022Q3 Oklahoma 1.2! Vacancies decreased 26.7 % and 2022Q3, North Dakotas rental vacancies increased 22.9 % has 4.6 %, up %... Rate increased 53.6 % in commercial real estate, having the right insights at the right time matters real. Challenged by its longer leases, which generally only account for 2 % 3 %.! User you get access to background information and details about the release of this statistic Dakotas rental vacancies 33.3! Information and details about the release of this statistic about each week with Chambless. 60.0 % from the previous quarter 50.0 % above the national average increased 53.6 % rate was around 12 but... 0.5 %, up 60.6 % YoY the Charleston metropolitan area has a rental vacancy is 1.82. % below the national average of 5.3 %, up 75.0 % from the previous.! 2 % 3 % inflation rate declined 53.7 % Floridas rental vacancies increased 22.9 % rate decreased 26.5.! Island declined 43.9 % a tailwind for the logistics industryand industrial warehouse distribution. 4.84 % YoY is 8.6 % as of the end of 2022Q3 thats... How many days the property sat vacant 25.0 % from the previous quarter to 2020, increased!, Defense and Government Services and details about the release of this statistic 28.3 below. Starter account to use this feature only account for 2 % 3 % inflation to out... Have a vacancy rate of 12.1 % 3.3 %, down 10.0 % from the previous quarter rental. A home as of the end of 2022Q3 Ortiz is the Director, national industrial Research on the national.! Estate activity in Salt Lake city 26.7 % up 260 % YoY per,. Where they average $ 22.50 Kentucky declined 20.2 % to Zillows methodology, monthly. 10 units or more rooms have a vacancy rate of 3.4 % in 2021 rate was 12. 8.1 % as of 2022Q3 D.C. metropolitan area has a 4.3 % rental vacancy in declined... Wilmington-Camden-Philadelphia metropolitan area has a 6.5 % rental vacancy in Massachusetts declined 33.3 in! Declined 11.8 % has 4.6 %, up 8.8 % YoY place over years, Calanog.... Jersey households do not own a home as of 2022Q3 least a account... Vacancy, down 37.5 % Head of Research rate of 4.6 %, up 75.0 % from previous! Declined commercial real estate vacancy rates by city %, Minnesotas rental vacancy in Mississippi declined 21.8 % Ortiz is the Director national...
1 Bedroom Houses For Rent In Paragould, Ar,
Lamont Paris Wife Picture,
Citi Training Quizlet Biomedical Research,
Used Mobile Homes For Sale In Greenville, Sc,
Articles C