Homeowner vacancy in Michigan is 0.5%, with no change from the previous quarter. Between 2022Q2 and 2022Q3, Alabamas rental vacancies increased 34.8%. Rental vacancy in Utah declined 40.7% in 2021. The statewide rental vacancy rate in Illinois is 7.7% as of the end of 2022Q3; thats 28.3% above the national average. E-commerce accounts for less than 20% of retail sales, Aerospace, Defense and Government Services. 25.5% of Maine households do not own a home as of 2022Q3. The steepest decline in rental vacancy was between 1965 and 1971, when rates declined 37.6% or at an annual rate of 6.27%. Between 2022Q2 and 2022Q3, Indianas rental vacancy rate increased 1.15%. Bridgeport-Stamford-Norwalk has 2.4% rental vacancy, up 60.0% YoY. From 2015 to 2020, Oklahomas rental vacancy rate increased 21.3%. 4.89% of habitable rental units in the United States are vacant. Homeowner vacancy in Colorado is 0.3%, the same as the previous quarter. Rental vacancy in Maine increased 28.9% in 2021. The statewide rental vacancy rate in Oregon is 3.0% as of the end of 2022Q3; thats 50.0% below the national average. New York rental vacancy is down 15.7% YoY. 46.0% of New York households do not own a home as of 2022Q3. Between 2022Q2 and 2022Q3, Arkansas rental vacancy rate increased 53.6%. That presents prepared owners and investors with an opportunity to grow their portfolio at a lower cost. The office vacancy rate represents the percentage of available rental units out of known commercial rental units. Commercial Real Estate . 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 statewide rental vacancy rate in New Mexico is 5.4% as of the end of 2022Q3; thats 10.0% below the national average. All the way from investments in last-mile distribution complexes to drones. E-commerce accounts for less than 20% of retail sales, so theres room for growth. Market Reports. Rental vacancy in New Mexico increased 57.1% in 2021. Between 2022Q2 and 2022Q3, Connecticuts rental vacancy rate declined 4.76%. statistic alerts) please log in with your personal account. It is, however, important to note that none of the regions across the U.S. have seen vacancy rates dip below their pre-pandemic Q4 2019 levels, according to Moodys Analytics. 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. However, recent trends by property subtype vary widely, ranging from a low of 3.2 percent (general retail) to a high of 7.9 percent (neighborhood centers). From 2015 to 2020, Wyomings rental vacancy rate increased 21.3%. As of 2022 Q3, zero (0) major metropolitan rental markets are in hypervacancy. 33.4% of Colorado households do not own a home as of 2022Q3. The national vacancy rate is 3.33% lower than it was in 1956Q1. The city's office market has a vacancy rate of 16 percent, while the sublease vacancy rate is 5 percent; both are higher than they were during recent economic crises. We make the lives of landlords, tenants and real estate investors easier by giving them the knowledge and resources they care most about. 33.7% of North Dakota households do not own a home as of 2022Q3. He has an expert knowledge of manyCRE markets across the U.S. Having worked with brokerage firms, asset managers and data providers he has a broad spectrum of experience and is adept in forecasting, analysis and strategy. Rental vacancy rates increased 48.4% in 2021. "Multifamily vacancies hit 4.7% in the third quarter of 2021, reverting back to levels seen at the end of 2019," said Victor Calanog, Head of CRE Economics for Moody's Analytics. Between 2005 and 2015, rental vacancy in Nebraska declined 47.4%. You need a Statista Account for unlimited access. Between 2005 and 2015, rental vacancy in D.C. declined 44.6%. 40.6% of Nevada households do not own a home as of 2022Q3. From 2015 to 2020, South Carolinas rental vacancy rate increased 1.74%. Rental vacancy in Kentucky increased 9.09% in 2021. You only have access to basic statistics. "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 . Memphis has 9.6% rental vacancy, up 24.7% YoY. . The Detroit-Warren-Dearborn metropolitan area has 5.2% rental vacancy, down 23.5% YoY. Rental vacancy in Hawaii increased 16.9% in 2021. Baton Rouge has 6.6% rental vacancy, down 22.4% YoY. Between 2022Q2 and 2022Q3, South Dakotas rental vacancies increased 23.4%. Between 2005 and 2015, rental vacancy in Arizona declined 42.4%. You can only download this statistic as a Premium user. Homeowner vacancy in Utah is 0.2%, down 60.0% from the previous quarter. Between 2005 and 2015, rental vacancy in Alabama increased 8.94%. The statewide rental vacancy rate in Florida is 7.6% as of the end of 2022Q3; thats 26.7% above the national average. 0.8%, up 60.0% from the previous quarter. Between 2005 and 2015, rental vacancy in North Dakota declined 1.06%. Prior to joining Colliers, Stephen was a Research Director with CoStar based in Washington D.C. His career history also includes eight years as Director of U.S. Office Research with Deutsche Asset Management and six years as Head of Research with Newmark Knight Frank in London, U.K. At Colliers, Stephen is responsible for all aspects of U.S. National Office research including authoring quarterly reports, press interviews and multi-market analysis. Connecticut rental vacancy is down 51.2% YoY. Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market [Graph]. The statewide rental vacancy rate in South Dakota is 5.8% as of the end of 2022Q3; thats 3.33% below the national average. 28.4% of Wisconsin households do not own a home as of 2022Q3. Improved fundamentals continued in the U.S. industrial market during the fourth quarter. Rental vacancy in Florida declined 21.7% in 2021. The Cheyanne metropolitan area had a multifamily rental vacancy rate of 2.9% in 2022Q1, up 93.3% YoY. San Diego-Carlesbads vacancy rate is 8.4%, up 16.7% YoY. Kentucky rental vacancy is down 7.27% YoY. Rental vacancy in Idaho increased 14.3% in 2021. Hovering around 7.6% to 7.8% Boston vacancy rates are considered very low compared to the national average of 11.5%. 33.5% of Arkansas households do not own a home as of 2022Q3. Between 2022Q2 and 2022Q3, Californias rental vacancies remained stable. Empty buildings High office vacancy rates are plaguing cities nationwide, according to Avison Young, a commercial real estate firm. 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 statewide rental vacancy rate in Ohio is 4.9% as of the end of 2022Q3; thats 18.3% below the national average. According to Zillows methodology, typical monthly rent prices were $2,090 in August 2022, up 12.3% YoY. The Cincinnati metropolitan area has a rental vacancy rate of 5.3%, up 60.6% YoY. Between 2005 and 2015, rental vacancy in Oklahoma declined 37.0%. Between 2022Q2 and 2022Q3, Georgias rental vacancy rate declined 11.8%. In Los Angeles, 24.1 percent of its offices are without tenants, and in Chicago, the office vacancy rate is 21.9 percent. Stephen has over 35years of Commercial Real Estate (CRE) Research experience gained in both the U.S. and U.K. Rental vacancy statistics indicate dramatic reduction in renters on the coasts; this may indicate a population decline or an increase in homeownership. Investment sales activity dropped markedly in the second half, with Q4 trading volume totaling $131.1 billion, a 62% drop from year-end 2021. E-commerce will likely serve as a tailwind for the logistics industryand industrial warehouse and distribution propertiesfor at least 10 years, Calanog said. Homeowner vacancy in Maryland is 0.6%, up at least 200% from the previous quarter. The formula used to calculated vacancy loss is: Vacancy Loss: (Total SF x Rent PSF) x Vacancy Rate. The Hartford metropolitan area has an average rental vacancy rate of 3.0%, down 63.4% YoY. 40.3% of Hawaii households do not own their homes 2022Q3. Between 2022Q2 and 2022Q3, Floridas rental vacancies declined 5.00%. Canada Cap Rate Report Q4 2022. Rental vacancy in Nebraska declined 25.8% in 2021. The Kansas City metropolitan area has a rental vacancy rate of 8.2%, up 6.59% YoY. 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. I aminvolved with national pitches and pursuits, leading the quarterly National Retail Report, and educating brokers on an array of retail research tools like Restaurant Bytes and Creditintell. This statistic is not included in your account. The national rental vacancy rate has declined 45.9% since 2009, when vacancy hit an all-time high (11.1%). There may be overleveraged building owners during an economic downturn. 15.3% of vacant rental units are in structures built prior to 1940. Single family homes had a rental vacancy rate of 5.8% in 2022 Q3. 31.6% of Florida households do not own a home as of 2022Q3. The Arlington-Alexandria-Washington, D.C. metropolitan area has a 4.3% rental vacancy rate, down 33.8% YoY. The pandemics economic impact largely mimicked that of a natural disaster on a national scale, but the economy bounced back over several quarters. From 2010 to 2020, rental vacancy rates declined 39.6% or at an annual rate of 3.96%. Between 2005 and 2015, rental vacancy in Washington declined 24.0%. JPMorgan Chase Bank, N.A. National industrial in-place rents averaged $7.10 per square foot in January, up 6.9% year-over-year The national vacancy rate stood at 4.0%, up 10 basis points month-over-month Nationwide, 691 million square feet of industrial space was under construction Industrial transactions totaled $1.1 billion at an average sale price of $125 per square foot 27.2% of Iowa households do not own a home as of 2022Q3. Prepare for future growth with customized loan services, succession planning and capital for business equipment or technology. Rental vacancy in Connecticut increased 4.44% in 2021. The statewide rental vacancy rate in Nebraska is 5.9% as of the end of 2022Q3; thats 1.67% below the national average. 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. 33.9% of Virginia households do not own a home as of 2022Q3. . There are extensive statistics on the Housing and Urban Development population, households and families, housing occupancy and vacancy, housing sales, construction costs, and mortgage financing. Homeowner vacancy in South Carolina is 0.8%, up 33.3% from the previous quarter. Between 2005 and 2015, rental vacancy in Utah declined 46.6%. Allentown-Bethlehem has 6.4% rental vacancy, up 113.3% YoY. North Carolina rental vacancy is up 69.4% YoY. Between 2005 and 2015, the average rental vacancy declined 23.3%. Market Reports Feb 6, 2023. 25.3% of New Hampshire households do not own a home as of 2022Q3. 55.8% of D.C. households do not own a home as of 2022Q3. Get full access to all features within our Business Solutions. Rochester has 6.5% rental vacancy, up 183% YoY. From 2015 to 2020, Ohios rental vacancy rate increased 16.9%. to incorporate the statistic into your presentation at any time. 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