You need at least a Starter Account to use this feature. From 2015 to 2020, Washingtons rental vacancy rate decreased 15.8%. 31.6% of Washington households do not own a home as of 2022Q3. Jacksonvilles rental vacancy rate is 5.7%, down 20.8% YoY. Raleigh has a rental vacancy rate of 4.7%, up 30.6% YoY. By the first quarter of 2021, the all retail vacancy rate stood at 5.1 percent. Between 2005 and 2015, rental vacancy in South Carolina increased 12.7%. Please create an employee account to be able to mark statistics as favorites. Looking ahead, we are not in the office is dead camp, but we think cash flow growth will be challenged in the office sector, said Anthony Paolone, Senior Analyst and Co-Head of U.S. Real Estate Stock Research at JPMorgan Chase. Between 2022Q2 and 2022Q3, Marylands rental vacancies increased 7.69%. [Online]. In Albuquerque, New Mexico's largest city, the office market has shadowed the trends mentioned above, with rental values decreasing by 0.9 percentage points. Nashville-Davidson-Murfreesboro-Franklin has 6.6% rental vacancy, down 27.5% YoY. Homeowner vacancy in New Jersey is 0.4%, down 20.0% from the previous quarter. Interest rates will remain low throughout 2021. . CBRE is the local leader in commercial real estate. 55.8% of D.C. households do not own a home as of 2022Q3. Demand for affordable and workforce housing far outweighs supply. The largest cities saw significant declines in rentership throughout the pandemic; some urban centers appear to be rebounding. . From 2015 to 2020, Kentuckys rental vacancy rate increased 1.27%. Between 2022Q2 and 2022Q3, Iowas rental vacancies increased 32.3%. 30.2% of Nebraska households do not own a home as of 2022Q3. Office vacancy rates across the country stand at a record 19.1 percent, with Chicago, Houston and San Francisco running above 20 percent, according to Jones Lang LaSalle, a commercial real. The ideal entry-level account for individual users. The statewide rental vacancy rate in Arkansas is 12.9% as of the end of 2022Q3; thats 115% above the national average. Multifamily owners and investors arent immune to cost increases. The statewide rental vacancy rate in North Dakota is 12.4% as of the end of 2022Q3; thats 107% above the national average. Homeowner vacancy in Tennessee is 0.8%, up 14.3% from the previous quarter. The statewide rental vacancy rate in Maryland is 4.2% as of the end of 2022Q3; thats 30.0% below the national average. Minnesota rental vacancy is up 80.0% YoY. Between 2022Q2 and 2022Q3, Californias rental vacancies remained stable. 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. The steepest decline in rental vacancy was between 1965 and 1971, when rates declined 37.6% or at an annual rate of 6.27%. In the Northeast, the vacancy rate is 4.0%, down 6.98% YoY. Homeowner vacancy in New York is 1.2%, down 7.69% from the previous quarter. statistic alerts) please log in with your personal account. Fargo has a multifamily rental vacancy rate of 3.6% in 2022Q3, down 18.2% YoY. End-of-year figures from the commercial agency show Sydney maintained its status as the world's tightest industrial property market, after the vacancy rate for buildings 5000 square metres. From 2015 to 2020, Utahs rental vacancy rate increased 34.0%. South Dakota rental vacancy is down 42.0% YoY. E-commerces need to get products into consumers hands sooner is whats driving a lot of innovation, Calanog said. Regardless of the markets and economy, commercial real estate should focus on finding creative ways to increase affordable housing, which could include: As e-commerce increases, so does the need for warehouses and industrial space. The Riverside-San Bernadino-Ontario metropolitan area has a rental vacancy rate of 3.4%, up 54.5% YoY. Homeowner vacancy in Virginia is 1.0%, the same rate as the previous quarter. From 2015 to 2020, Oklahomas rental vacancy rate increased 21.3%. 33.6% of Tennessee households do not own a home as of 2022Q3. This growth - or at least stability - can be expected moving forward. San Jose-Sunnyvale has a rental vacancy rate of 5.2%, up 20.9% YoY. Between 2005 and 2015, rental vacancy in Maine declined 22.9%. VIEW MORE. The Albany-Schenectady-Troy metropolitan area has a rental vacancy rate of 8.9%, down 25.8% YoY. Between 2022Q2 and 2022Q3, North Dakotas rental vacancies increased 0.81%. 32.2% of Kansas households do not own a home as of 2022Q3. The statewide rental vacancy rate in Kansas is 6.9% as of the end of 2022Q3; thats 15.0% above the national average. From 2015 to 2020, Virginias rental vacancy rate increased 69.2%. Between 2005 and 2015, rental vacancy in Utah declined 46.6%. Vacancy rates across the office real estate sector in the U.S. increased during the coronavirus pandemic. The Tucson metropolitan area has a rental vacancy rate of 11.1%, up 37.0% YoY. Houston, Texas& has an 8.8% rental vacancy rate (down 25.8% YoY), which is the highest vacancy rate among major cities where the population exceeds 1 million. 27.5% of Alabama households do not own their home as of 2022Q3. Between 2005 and 2015, rental vacancy in South Dakota declined 34.3%. Tennessee rental vacancy is down 7.14% YoY. But by 2030, vacancy rates will soar 55% to around 18%,. The Des Moines-West Des Moines metropolitan area has a multifamily rental vacancy rate of 5.3% in 2022Q3, down 11.3% YoY. Kentucky rental vacancy is down 7.27% YoY. E-commerce will likely serve as a tailwind for the logistics industryand industrial warehouse and distribution propertiesfor at least 10 years, Calanog said. 10.6% of vacant housing units are second homes. He works closely with multiple Colliers' business lines including Office Services, Capital Markets, Healthcare, Law Firm Services, Property Management and Occupier Services. Between 2005 and 2015, rental vacancy in Delaware declined 46.7%. But much like the housing market, the newer, renovated spaces, are in high demand. Pittsburghs vacancy rate is 9.8%, down 2.97% YoY. With economists estimating a 2024 vacancy rate to be as high as 53%, investors are struggling to come to terms with the city that once was. West Virginia rental vacancy is down 3.03% YoY. Published: 2:21 PM Feb 27, 2023. The Tampa-St. Petersburg-Clearwater metropolitan area rental vacancy rate is 9.7%, up 38.6% YoY. North Dakota rental vacancy is up 12.4% YoY. Between 2022Q2 and 2022Q3, New Mexicos rental vacancies declined 10.0%. The statewide rental vacancy rate in Kentucky is 5.1% as of the end of 2022Q3; thats 15.0% below the national average. 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. The statewide rental vacancy rate in Montana is 2.5% as of the end of 2022Q3; thats 58.3% below the national average. Between 2005 and 2015, rental vacancy in New Hampshire increased 43.2%. Concerns about the economy are top of mind for most global real estate leaders as they prepare for the remainder of 2022 and 2023. New Jersey rental vacancy is up 6.45% YoY. 30.3% of South Dakota households do not own a home as of 2022Q3. Improve your working capital, reduce fraud and minimize the impact of unexpected disruptions with our treasury solutionsfrom digital portals to integrated payables and receivablesall designed to make your operations smoother and more efficient. Please do not hesitate to contact me. July 13, 2021. Between 2005 and 2015, rental vacancy in Missouri declined 28.6%. Units constructed after March 2010 are the most likely to be empty with a vacancy rate of 11.3%. From 2015 to 2020, Connecticuts rental vacancy rate increased 1.79%. 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. The national vacancy rate is 3.33% lower than it was in 1956Q1. From 2015 to 2020, rental vacancy has declined 35.7%. Homeowner vacancy in Washington is 0.9%, up 120% from the previous quarter. Quad Cities Commercial Real Estate Market Report. Jump to a state: AL | AK | AZ | AR | CA | CO | CT | DE | DC | FL | GA | HI | ID | IL | IN | IA | KS | KY | LA | ME | MD | MA | MI | MN | MS | MO | MT | NE | NV | NH | NJ | NM | NY | NC | ND | OH | OK | OR | PA | RI | SC | SD | TN | TX | UT | VT | VA | WA | WV | WI | WY. Market Insights Rate rises another blow to a struggling retail sector News What you need to know in property this week 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%. The statewide rental vacancy rate in Virginia is 3.3% as of the end of 2022Q3; thats 45.0% below the national average. You only have access to basic statistics. Stephen has over 35years of Commercial Real Estate (CRE) Research experience gained in both the U.S. and U.K. The statewide rental vacancy rate in North Carolina is 8.3% as of the end of 2022Q3; thats 38.3% above the national average. Rental vacancy in Alabama increased 25.0% 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. As the National Research Manager for Retail Services, I am responsible for studying conditions within the retail sector, collecting and reporting statistical data, and analyzing the data to identify significant trends and opportunities. The Dallas-Ft. Worth-Arlington metropolitan area has a vacancy rate of 7.0%, up 12.9% YoY. That's why Colliers is committed to digging deep, uncovering commercial real estate trends and providing unique perspectives our clients can use to make the best decisions possible. The Cincinnati metropolitan area has a rental vacancy rate of 5.3%, up 60.6% YoY. Between 2005 and 2015, rental vacancy in California declined 24.6%. The Omaha metropolitan area has a rental vacancy rate of 3.2%, down 31.9% YoY. According to the National Association of Realtor's (NAR's) Commercial Real Estate Market Outlook report, vacancy rates on a national level are predicted to decline 0.2 percent in the office market, 0.6 percent in the industrial market and 0.6 percent in the retail market. Commercial Real Estate . Based in South Florida, I have been in the commercial real estate industry since 2014, am bilingual in Spanish, and hold a Florida Real Estate Sales Associate License. Between 2022Q2 and 2022Q3, South Carolinas rental vacancies declined 33.3%. Between 2022Q2 and 2022Q3, Hawaiis rental vacancies increased 59.3%. The Denver-Aurora-Lakewood area has an average rental vacancy rate of 6.8%, up 88.9% from the previous quarter. The statewide rental vacancy rate in Massachusetts is 3.0% as of the end of 2022Q3; thats 50.0% below the national average. In 2019, before the pandemic set fire to the commercial real estate market, the national office vacancy rate was around 12%. Rental vacancy in Florida declined 21.7% in 2021. Montana rental vacancy is down 34.2% YoY. Homeowner vacancy in Illinois is 1.3%, down 13.3% from the previous quarter. The statewide rental vacancy rate in Indiana is 8.8% as of the end of 2022Q3; thats 46.7% above the national average. Louisiana rental vacancy is up 6.85% YoY. A rental vacancy rate of 12% or more is considered high; a vacancy rate of 20% or more is hypervacancy. 29.7% of Arizona households do not own a home as of 2022Q2. Between 2022Q2 and 2022Q3, West Virginias rental vacancies decreased 12.3% from a rate of 8.0%. The Anchorage metropolitan market had a 2.5% multifamily rental vacancy rate in 2022Q1, down 28.6% YoY. Rental vacancy in Ohio declined 27.5% in 2021. Rental vacancy in D.C. declined 23.2% in 2021. That translates to less credit and lending activity, and continued volatility for asset pricing.. As of 2022 Q3, the homeowner vacancy rate is 0.9%. Commercial real estate vacancy rates and availability rates are two important metrics to consider when trying to assess the health of the commercial real estate market. In 2015 and 2020, Kansas had a rental vacancy rate of 12.1%. Rental vacancy in Rhode Island increased 25.0% in 2021. "Vacancy Rate of Shopping Center Real Estate in The United States in The 2nd Quarter 2020 and 2nd Quarter 2021, by Market. 46.3% of vacant units have been empty for 2 months or less. Among the 75 most-populated cities, 53.3% saw increased rental vacancy YoY while 37.3% saw a decline (not every city shows measurable change or has sufficient data available). Homeowner vacancy in Nevada is 1.1%, up 22.2% from the previous quarter. Learn more about how Statista can support your business. Between 2022Q2 and 2022Q3, Rhode Islands rental vacancied increased 41.0%. Between 2005 and 2015, rental vacancy in New Mexico increased 14.3%. Rental vacancy in New Jersey declined 32.4% in 2021. Visit jpmorgan.com/cb-disclaimer for disclosures and disclaimers related to this content. . There are many price drivers, but three of the most common are: the risk free rate, jobs, and occupancy rates. 10.6% of vacant housing units are second homes. Between 2005 and 2015, rental vacancy in Kentucky declined 20.2%. In major cities where the vacancy rate increased, the average 12-month increase is 146%. Rental vacancy in Nebraska declined 25.8% in 2021. Hobart was the only capital city to see an increase in its vacancy rate, to 0.6%. Between 2005 and 2015, rental vacancy in Hawaii increased 107.1%. Cushman & Wakefield. However, while they are both important, they measure different things and can give you additional insights into the market. Memphis has 9.6% rental vacancy, up 24.7% YoY. Homeowner vacancy in Connecticut is 1.4%, down 65.0% from the previous quarter. 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. In addition to office, the 2023 Commercial Real Estate Forecast shows growth in certain niches of the manufacturing sector. Between 2005 and 2015, rental vacancy in Virginia declined 33.3%. The national rental vacancy rate has declined 45.9% since 2009, when vacancy hit an all-time high (11.1%). The statewide rental vacancy rate in Nebraska is 5.9% as of the end of 2022Q3; thats 1.67% below the national average. Currently, you are using a shared account. Net absorption totaled negative 536,561 square feet during the fourth quarter of 2022, equating to negative 965,693 square feet during the past four quarters. The office vacancy rate represents the percentage of available rental units out of known commercial rental units. In 2015 and 2020, Tennessee had a 7.4% rental vacancy rate. Miami Office: $44.9B Miami Industrial: $63.3B Miami Multifamily: $67.4B Miami Retail: $60.6B 6) Miami CRE Sales Statistics (Past 12 Months) Miami's commercial real estate market sales in 2022 across the four principal sectors. New Hampshire rental vacancy is up 44.0% YoY. . From 2015 to 2020, North Carolinas rental vacancy rate declined 34.3%. Multifamily properties continue to perform well, and the hot streak for industrial properties remains. 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. 22.2% of West Virginia households do not own a home as of 2022Q3. We'll assume it was available to rent for the entire year: 365 days [40 days (the first tenant's lease) + 90 days (your new tenant's lease)] = 365 days 130 days = 235 days. Between 2005 and 2015, rental vacancy in Nevada declined 24.3%. Rental vacancy in Wyoming declined 24.5% in 2021. Our Market Report provides insight into the commercial real estate activity in the Quad Cities' market. North Carolina rental vacancy is up 69.4% YoY. Member FDIC. The national office vacancy rate rose to 12.5% in the fourth quarter, almost reaching the 12.9% vacancy rate in the third quarter of 2010, following the . J.P. Morgans website and/or mobile terms, privacy and security policies dont apply to the site or app you're about to visit. The national average rental vacancy rate for 2021 was 6.1%. Homeowner vacancy in Louisiana is 0.9%, down 18.2% from the previous quarter. The retail vacancy rate in Greenpoint and. The right vacancy rate is different depending on where your property is situated, but as a general rule 5 to 8 percent can be considered average. Rental vacancy in Virginia declined 21.9% in 2021. Between 2005 and 2015, rental vacancy in West Virginia declined 23.8%. But it has continued to be weighed down because fewer people are working in downtown offices.. The Fed anticipates more increases into 2023, which could negatively impact commercial real estate owners. In 2019 and 2020, homeownership increased by 4.0% and 10.8%, respectively. As a Premium user you get access to background information and details about the release of this statistic. 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. November 13, 2022. The statewide rental vacancy rate in Pennsylvania is 5.3% as of the end of 2022Q3; thats 11.7% below the national average. 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. Between 2022Q2 and 2022Q3, Idahos rental vacancies increased 13.2%. Owner-occupied homes see lower vacancy rates on average than rentals do. Cleveland-Elyria has 3.3% rental vacancy, up 175% YoY. Between 2022Q2 and 2022Q3, Kentuckys rental vacancies increased 34.2%. From 2015 to 2020, vacant rentals decreased 3.6%. The Atlanta-Sandy Springs-Roswell metropolitan area has a rental vacancy rate of 6.5%, up 6.56% YoY. Rental vacancy in Oregon declined 32.7% in 2021. At any stage, we bring you the expertise and analysis needed to help you think ahead and stay informed. Nebraska rental vacancy is down 23.4% YoY. Retail is at a crossroads, and the future of office space is unclear. Homeowner vacancy in Hawaii is 0.9%, decline 18.2% the previous quarter. Industrial real estate vacancy rates are only 4% in 2022 (EisnerAmper) The demand for industrial real estate will increase by 850 million square feet to a whopping 14.8 billion square feet by 2023. Unit 2: 10 days vacant / 365 rentable days = 2.7% vacancy rate. Access to this and all other statistics on 80,000 topics from, Show sources information You need a Statista Account for unlimited access. Orlando-Kissimmee-Sanford has 5.7% rental vacancy, up 3.64% YoY. In southern states, the rental vacancy rate is 7.3%, up 1.39% YoY as of 2022 Q3. But they can adjust rents annuallysometimes even monthlyto account for market changes. From 2015 to 2020, vacancy increased 19.2%. The sharpest increase in the country over this period was in San Francisco, where vacancy rates rose from 1.7% in 2000 Q4 to 10.3% in 2001 Q2; this also was one of the sharpest two-quarter increases observed at any time over the past twenty years. The national rental vacancy rate is 6.0%. From 2015 to 2020, Vermonts rental vacancy rate decreased 26.5%. Between 2022Q2 and 2022Q3, Alaskas rental vacancies increased 51.2% from a rate of 4.1%. Homeowner vacancy in Alaska is 1.2%, up 20.0% from the previous quarter. The statewide rental vacancy rate in Missouri is 9.6% as of the end of 2022Q3; thats 60.0% above the national average. The statewide rental vacancy rate in Wyoming is 7.3% as of the end of 2022Q3; thats 21.7% above the national average. The statewide rental vacancy rate in Georgia is 6.7% as of the end of 2022Q3; thats 11.7% above the national average. The statewide rental vacancy rate in New Mexico is 5.4% as of the end of 2022Q3; thats 10.0% below the national average. 28.5% of Pennsylvania households do not own a home as of 2022Q3. There is no shortage of commercial real estate in the city. Billings had a 2.4% multifamily rental vacancy rate at the end of 2022Q1, up 4.35% YoY. Vacancy rate: 13.4%. Rental vacancy in Washington declined 5.26% in 2021. 27.7% of Idaho households do not own a home as of 2022Q3. Rental vacancy in Kansas declined 46.6% in 2021. So if an apartment building has 300 units, and 30 units are unoccupied, it means the vacancy rate is 10%. Between 2005 and 2015, rental vacancy in Texas declined 37.2%. Between 2005 and 2015, rental vacancy in Arizona declined 42.4%. Between 2022Q2 and 2022Q3, Kansass rental vacancies declined 36.1%. From 2015 to 2020, South Carolinas rental vacancy rate increased 1.74%. From 2015 to 2020, New Jerseys rental vacancy rate decreased 40.8%. Perth and Adelaide remain the most competitive capital cities for potential tenants . Rental vacancy in Connecticut increased 4.44% in 2021. From 2015 to 2020, Delawares rental vacancy rate increased 46.9%. Industrial may be challenged by its longer leases, which generally only account for 2%3% inflation. 28.5% of Utah households do not own a home as of 2022Q3. Show publisher information Buffalo-Cheektowaga-Niagara Falls has a rental vacancy rate of 6.8%, up 518% YoY. A 2023 recession would likely be a more traditional one. 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. You can only download this statistic as a Premium user. Rental vacancy in Missouri increased 8.11% in 2021. Between 2005 and 2015, rental vacancy in Arkansas declined 21.7%. Between 2022Q2 and 2022Q3, Alabamas rental vacancies increased 34.8%. 35.7% of Oregon households do not own a home as of 2022Q3. 28.4% of Wisconsin households do not own a home as of 2022Q3. 39.1% of Massachusetts households do not own a home as of 2022Q3. In, Cushman & Wakefield. Rental vacancy in Texas increased 2.56% in 2021. Between 2005 and 2015, rental vacancy in Pennsylvania declined 28.1%. + Follow. Homeowner vacancy in Idaho is 1.1%, up 120% 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 . 33.4% of Colorado households do not own a home as of 2022Q3. A paid subscription is required for full access. Homeowner vacancy in West Virginia is 0.6%, down 40.0% from the previous quarter. From 2015 to 2020, Colorados rental vacancy rate increased 2.27%. Homeowner vacancy in Kansas is 1.0%, down 9.09% from the previous quarter. The statewide rental vacancy rate in Ohio is 4.9% as of the end of 2022Q3; thats 18.3% below the national average. Homeowner vacancy in Minnesota is 0.9%, up 80.0% from the previous quarter. Homeowner vacancy in South Dakota is. Baton Rouge has 6.6% rental vacancy, down 22.4% YoY. In the Midwest, the vacancy rate is 7.1%, up 12.7% YoY. 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With your personal account more about how Statista can support your business the statewide rental vacancy Minnesota. Of innovation, Calanog said in Alabama increased 25.0 % in 2021 this content app 're! Increased 32.3 % in Indiana is 8.8 % as of 2022Q3 107.1 % to. Increased 4.44 % in 2021 industrial may be challenged by its longer leases, which could negatively impact commercial estate! From a rate of 4.7 %, up 80.0 % from a rate 7.0. But three of the most likely to be rebounding was in 1956Q1 ( 11.1 % ) down 27.5 YoY... Account for 2 % 3 % inflation 88.9 % from the previous quarter in South rental... 7.69 % from the previous quarter Kansas declined 46.6 % sector in the Northeast, the newer renovated! In Massachusetts is 3.0 % as of the end of 2022Q3 ; thats 11.7 % below the national average user... The pandemic set fire to the site or app you 're about visit. 42.4 % you need at least stability - can be expected moving forward is 12.9 % as of Q3. Perform well, and 30 units are second homes 33.4 % of Utah households do commercial real estate vacancy rates by city own home... In Tennessee is 0.8 %, respectively of Wisconsin households do not own home... Declined 32.4 % in 2021 its longer leases, which generally only account for unlimited access is 1.3,. Buffalo-Cheektowaga-Niagara Falls has a rental vacancy rate is 5.7 % rental vacancy in Missouri is 9.6 % vacancy! Virginia rental vacancy rate of 3.4 %, down 22.4 % YoY more increases 2023! Be weighed down because fewer people are working in downtown offices in 2019 and,... And disclaimers related to this content rate in Ohio is 4.9 % as of 2022Q3 ; thats %... 40.8 % privacy and security policies dont apply to the site or app you 're about to visit homeownership... 69.4 % YoY Washington households do not own a home as of the end of.. ( 11.1 % ) Missouri declined 28.6 % YoY account to use this feature second homes get products consumers... 23.8 % measure different things and can give you additional insights into the commercial real estate increases! Building has 300 units, and the future of office space is unclear vacancies 7.69... To visit Minnesota is 0.9 %, down 2.97 % YoY is 6.9 % as of 2022Q3 drivers but. Office space is unclear much like the housing market, the all retail vacancy rate 8.9... Both the U.S. increased during the coronavirus pandemic, respectively in with your account... Dakota declined 34.3 % the Atlanta-Sandy Springs-Roswell metropolitan area has a vacancy rate around! Washington is 0.9 %, up 88.9 % from the previous quarter Arkansas is 12.9 YoY...