Between 2005 and 2015, rental vacancy in Oklahoma declined 37.0%. 39.1% of Massachusetts households do not own a home as of 2022Q3. In Los Angeles, 24.1 percent of its offices are without tenants, and in Chicago, the office vacancy rate is 21.9 percent. The steepest decline in rental vacancy was between 1965 and 1971, when rates declined 37.6% or at an annual rate of 6.27%. Louisiana rental vacancy is up 6.85% YoY. Rental vacancy in Alabama increased 25.0% in 2021. Nashville-Davidson-Murfreesboro-Franklin has 6.6% rental vacancy, down 27.5% YoY. Between 2005 and 2015, rental vacancy in West Virginia declined 23.8%. We uncover recent sales and leasing activity, vacancy rates, lease rates and trends in our marketplace. The New Orleans-Metairie metropolitan area has a 6.5% rental vacancy rate, with no change YoY. Between 2022Q2 and 2022Q3, Marylands rental vacancies increased 7.69%. A paid subscription is required for full access. We tend to believe that an increase in vacancy rates is bad news for property owners. Rental vacancy in Wyoming declined 24.5% in 2021. 44.3% of California households do not own a home as of 2022Q3. Hobart was the only capital city to see an increase in its vacancy rate, to 0.6%. The statewide rental vacancy rate in Colorado is 5.0% as of the end of 2022Q3; thats 16.7% below the national average. Between 2005 and 2015, rental vacancy in Washington declined 24.0%. Wyoming rental vacancy is down 2.67% YoY. Homeowner vacancy in Louisiana is 0.9%, down 18.2% from the previous quarter. Between 2005 and 2015, rental vacancy in Maryland declined 9.72%. November 13, 2022. Buildings with 10-or-more units account for 33.1% of all rental vacancies. The statewide rental vacancy rate in California is 4.1% as of the end of 2022Q3; thats 31.7% below the national average. Between 2005 and 2015, rental vacancy in Colorado declined 71.2%. From 2000 to 2004, vacancy rates rose 31.6% or annual rate of 7.9%. The national average rental vacancy rate for 2021 was 6.1%. Among year-round housing vacancies (excluding seasonal vacancies), 23.3% are available for rent. Please create an employee account to be able to mark statistics as favorites. From 2015 to 2020, Colorados rental vacancy rate increased 2.27%. Total office inventory: 48,770,948 SF. From 2015 to 2020, Kentuckys rental vacancy rate increased 1.27%. In suburban areas, the rental vacancy rate is 5.3%, up 12.8% YoY. Unit 2: 10 days vacant / 365 rentable days = 2.7% vacancy rate. Between 2022Q2 and 2022Q3, Delawares rental vacancies increased 42.3%. The Kansas City metropolitan area has a rental vacancy rate of 8.2%, up 6.59% YoY. South Dakota rental vacancy is down 42.0% YoY. The statewide rental vacancy rate in Georgia is 6.7% as of the end of 2022Q3; thats 11.7% above the national average. 33.5% of Arkansas households do not own a home as of 2022Q3. Rental vacancy in South Dakota declined 28.7% 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. Her knowledge of the macro and micro factors affecting the commercial real estate market results in proactively positioned research. From 2010 to 2020, rental vacancy rates declined 39.6% or at an annual rate of 3.96%. Although Manhattan has neighborhoods with extensive empty retail space, retail vacancy rates are highest in . Between 2005 and 2015, rental vacancy in Arizona declined 42.4%. Consider what type of building it applies to . The statewide rental vacancy rate in Washington is 5.5% as of the end of 2022Q3; thats 8.33% below the national average. From 2015 to 2020, Georgias rental vacancy rate declined 12.3%. 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. Average asking rents: $23.89 per SF year, full service gross, all classes. Rental vacancy in Louisiana increased 15.9% 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. 4.89% of habitable rental units in the United States are vacant. Between 2022Q2 and 2022Q3, West Virginias rental vacancies decreased 12.3% from a rate of 8.0%. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Among year-round housing vacancies (excluding seasonal vacancies), 23.3% are available for rent. The statewide rental vacancy rate in Alaska is 6.2% as of the end of 2022Q3; thats 3.33% above the national average. 15.3% of vacant rental units are in structures built prior to 1940. Homeowner vacancy in South Dakota is. 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. 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. New leases for over 9.1 million square feet of industrial space in Minneapolis were signed as of Q3 2021. Between 2005 and 2015, rental vacancy in Arkansas declined 21.7%. 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. Baton Rouge has 6.6% rental vacancy, down 22.4% YoY. Commercial Real Estate Statistics Compared to other major metropolitan areas and against national averages, businesses benefit from the highly competitive Rochester commercial real estate market. JPMorgan Chase Bank, N.A. From 2015 to 2020, Ohios rental vacancy rate increased 16.9%. Get full access to all features within our Business Solutions. Rental vacancy in New York declined 30.8% in 2021. In 2015 and 2020, Kansas had a rental vacancy rate of 12.1%. To calculate your physical vacancy rates, we first need to figure out how many days the property sat vacant. Both vacancy rates and overall asking lease rates dropped slightly during the . Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market [Graph]. Wisconsin rental vacancy is down 11.8% YoY. The Hartford metropolitan area has an average rental vacancy rate of 3.0%, down 63.4% YoY. 26.0% of Kentucky households do not own a home as of 2022Q3. But it has continued to be weighed down because fewer people are working in downtown offices.. Rental vacancy in Ohio declined 27.5% in 2021. 55.8% of D.C. households do not own a home as of 2022Q3. Homeowner vacancy in Wisconsin is 0.5%, up 25.0% from the previous quarter. 25.6% of South Carolina households do not own a home as of 2022Q3. After decades of trying to revive B- and C-class malls for sales tax purposes, some cities are redeveloping these spaces. 33.9% of Virginia households do not own a home as of 2022Q3. Nebraska rental vacancy is down 23.4% 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. The multifamily rental vacancy rate in Sioux Falls is 4.8% in 2022Q3, down 23.8% YoY. The statewide rental vacancy rate in Missouri is 9.6% as of the end of 2022Q3; thats 60.0% above the national average. Western states have a rental vacancy rate of 4.7%, up 6.82% YoY. ", Cushman & Wakefield, Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market Statista, https://www.statista.com/statistics/1200151/vacancy-rate-shopping-center-real-estate-usa-by-city/ (last visited March 02, 2023), Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market [Graph], Cushman & Wakefield, July 13, 2021. The Charleston metropolitan area has a multifamily vacancy rate of 3.4% in 2022Q3, down 10.5% YoY. 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. Between 2022Q2 and 2022Q3, Virginias rental vacancies decreased 26.7%. From 2015 to 2020, Maines rental vacancy rate declined 53.7%. . Stephen has over 35years of Commercial Real Estate (CRE) Research experience gained in both the U.S. and U.K. From 2015 to 2020, North Dakotas rental vacancy rate increased 31.2%. North Dakota rental vacancy is up 12.4% YoY. Retail in city centers has been slow to bounce back. CBRE is the local leader in commercial real estate. Keeping up with the ever-changing real estate market is no easy feat, and although the residential market tends to take the lion's share of headlines, the commercial market is currently undergoing significant shifts that will have major implications for the rest of 2023. Between 2022Q2 and 2022Q3, Mississippis rental vacancies declined 1.23%. When the vacancy rate is applied, the vacancy loss is $100,000 ($1,000,000 x 10%). The effect of one vacant property on the block could reduce the value of nearby properties by 20% or more. Read all about Mark Kolsrud and Peter Loehrers 2022 review and 2023 predictions. Tulsas rental vacancy rate is 3.3%, down 41.1% 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. 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. 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. Cushman & Wakefield. Syracuse has 10.5% rental vacancy, up 6.06% YoY. In southern states, the rental vacancy rate is 7.3%, up 1.39% YoY as of 2022 Q3. New Mexico rental vacancy is down 1.82% YoY. As a general rule, rent prices increase as vacancy rates decrease. Rental vacancy in D.C. declined 23.2% in 2021. Between 2005 and 2015, rental vacancy in Montana declined 60.7%. Austin-Round Rock has 5.2% rental vacancy, down 28.8% YoY. The average vacancy rate for office space in Northern Virginia is 18.3 per cent, one percentage point higher than in 2014. From 2015 to 2020, Missouris rental vacancy rate decreased 32.6%. In the Midwest, the vacancy rate is 7.1%, up 12.7% YoY. Between 2022Q2 and 2022Q3, Louisianas rental vacancies increased 18.2%. This has led to a drop in direct asking rates, which now average $34.49 / sq ft for Class A space, $29.31 for Class B space, and $25 for Class C properties. E-commerces need to get products into consumers hands sooner is whats driving a lot of innovation, Calanog said. Last Updated: The statewide rental vacancy rate in Iowa is 8.6% as of the end of 2022Q3; thats 43.3% above the national average. From 2015 to 2020, Nebraskas rental vacancy rate increased 6.67%. Rental vacancy in Utah declined 40.7% in 2021. As of 2022 Q3, the homeowner vacancy rate is 0.9%. Rental vacancy in Pennsylvania declined 10.4% in 2021. The retail sector in some residential neighborhoods in the outer boroughs, meanwhile, have fared much better than those in Manhattan, the report said. 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 highest since July 2020. Between 2022Q2 and 2022Q3, Montanas rental vacancies declined 30.6%. Its important to look at each of these macroeconomic factors: Together, these factors may lead to a mild to moderate recession in 2023. "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 . To use individual functions (e.g., mark statistics as favourites, set Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Homeowner vacancy in Arkansas is 2.2%, up 83.3% from the previous quarter. Homeowner vacancy in South Carolina is 0.8%, up 33.3% from the previous quarter. "Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market." Rental vacancy in Michigan decreased 18.5% in 2021. San Jose-Sunnyvale has a rental vacancy rate of 5.2%, up 20.9% YoY. The city of Jackson has an 8.4% multifamily rental vacancy rate in 2022Q2, down 3.45% YoY. Statistics indicate a growing suburban rental market and a return to cities. U.S. Office Fundamentals Soften as 2022 Closes. Rental vacancy in Kansas declined 46.6% in 2021. Between 2005 and 2015, rental vacancy in Missouri declined 28.6%. Market Reports. From 2015 to 2020, Wisconsins rental vacancy rate decreased 57.7%. Between 2022Q2 and 2022Q3, Michigans rental vacancies increased 26.9%. Between 2022Q2 and 2022Q3, Floridas rental vacancies declined 5.00%. Homeowner vacancy in California is 0.9%, up 12.5% from the previous quarter. The statewide rental vacancy rate in Michigan is 6.6% as of the end of 2022Q3; thats 10.0% above the national average. Rental vacancy in Nebraska declined 25.8% in 2021. Between 2005 and 2015, rental vacancy in Massachusetts declined 3.70%. The statewide rental vacancy rate in Connecticut is 2.0% as of the end of 2022Q3; thats 66.7% below the national average. The statewide rental vacancy rate in Tennessee is 7.8% as of the end of 2022Q3; thats 30.0% above the national average. "Vacancy Rate of Shopping Center Real Estate in The United States in The 2nd Quarter 2020 and 2nd Quarter 2021, by Market. A 2023 recession would likely be a more traditional one. From 2015 to 2020, Idahos rental vacancy rate declined 32.2%. Consequences of the COVID-19 pandemic include changes in desirable housing characteristics. The statewide rental vacancy rate in Ohio is 4.9% as of the end of 2022Q3; thats 18.3% below the national average. Between 2022Q2 and 2022Q3, Massachusetts rental vacancies increased 11.1%. Collection of MarketBeat reports highlighting commercial real estate activity in Salt Lake City. Register in seconds and access exclusive features. Between 2022Q2 and 2022Q3, Iowas rental vacancies increased 32.3%. The statewide rental vacancy rate in Arizona is 6.7% as of the end of 2022Q3; thats 11.7% above the national average. 28.4% of Wisconsin households do not own a home as of 2022Q3. The pandemics economic impact largely mimicked that of a natural disaster on a national scale, but the economy bounced back over several quarters. Between 2022Q2 and 2022Q3, Colorados rental vacancies increased 25.0%. 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%. From 2015 to 2020, Mississippis rental vacancy rate increased 22.1%. 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. . The statewide rental vacancy rate in Florida is 7.6% as of the end of 2022Q3; thats 26.7% above the national average. 35.0% of Rhode Island households do not own a home as of 2022Q3. San Diego-Carlesbads vacancy rate is 8.4%, up 16.7% YoY. 10.4% of year-round vacancies are empty but have been rented or sold. Interest rates will remain low throughout 2021. . Then you can access your favorite statistics via the star in the header. Between 2022Q2 and 2022Q3, Georgias rental vacancy rate declined 11.8%. Between 2022Q2 and 2022Q3, Kentuckys rental vacancies increased 34.2%. and Quebec City's most prominent neighborhoods. Montana rental vacancy is down 34.2% YoY. The worst four office markets in terms of availability rates are Chicago Suburban (31.7%), Houston (30.5%), Dallas-Fort Worth (30.9%), and San Francisco (26.8%), according to data from Savills. San Antonio-New Braunfels has 4.6% rental vacancy, up 100% YoY. "Almost on a weekly basis, things . The statewide rental vacancy rate in North Dakota is 12.4% as of the end of 2022Q3; thats 107% above the national average. Commercial real estate marketing website Redfin reports a median rent of $2,022 as of September 2022, up 8.8% YoY. Canada Cap Rate Report Q4 2022. 34.5% of Ohio households do not own a home as of 2022Q3. Between 2022Q2 and 2022Q3, Californias rental vacancies remained stable. From 2015 to 2020, Washingtons rental vacancy rate decreased 15.8%. "Office vacancies haven't declined much because total jobs today . Rochester has 6.5% rental vacancy, up 183% YoY. As empty units diminish, finding an apartment becomes more difficult, and property owners are able to ask for higher prices. Memphis has 9.6% rental vacancy, up 24.7% YoY. In the second quarter of this year, the commercial. 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. Homeowner vacancy in Utah is 0.2%, down 60.0% from the previous quarter. 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. Providing some indication of the direction Sydney vacancy rates could take. In this case, gross potential income equals $1,000,000 (100,000 SF x $10 PSF). Rental vacancy in Arkansas increased 5.63% in 2021. Vacancy rates are at multi-year lows, and asking rents are reaching all-time highs. Commercial real estate investment totalled $58.5 billion in 2022, which . The Tampa-St. Petersburg-Clearwater metropolitan area rental vacancy rate is 9.7%, up 38.6% YoY. Homeowner vacancy in Arizona is 0.9%, with no change from the previous quarter. The statewide rental vacancy rate in Pennsylvania is 5.3% as of the end of 2022Q3; thats 11.7% below the national average. In 2015 and 2020, Tennessee had a 7.4% rental vacancy rate. From 2015 to 2020, North Carolinas rental vacancy rate declined 34.3%. Homeowner vacancy in Missouri is 0.9%, up 200% from the previous quarter. Vacancy Rates: A look back on 2022 so far can tell us that in certain areas of the country, vacancy rates are already seeing substantial improvement. If you are an admin, please authenticate by logging in again. Rental vacancy in Vermont declined 20.6% in 2021. This is the biggest drop since December. Localities expecting continued growth are full of new vacancies, leading some communities to experience excessive rental vacancy rates or hypervacancy. The Detroit-Warren-Dearborn metropolitan area has 5.2% rental vacancy, down 23.5% YoY. Between 2005 and 2015, rental vacancy in Kentucky declined 20.2%. Net absorption represents the net change in occupied rental space between measurement periods. Homeowner vacancy in Kansas is 1.0%, down 9.09% from the previous quarter. 27.2% of Iowa households do not own a home as of 2022Q3. Homeowner vacancy in New Hampshire is 0.4%, the same as from the previous quarter. 25.5% of Maine households do not own a home as of 2022Q3. Between 2005 and 2015, rental vacancy in Nevada declined 24.3%. Trenton-Princeton has a multifamily rental vacancy rate of 7.5% in 2022Q3, down 16.7% YoY. Pittsburghs vacancy rate is 9.8%, down 2.97% YoY. 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. You need a Statista Account for unlimited access. Multifamily is currently the highest performing of all asset classes. Homeowner vacancy in Indiana is 0.5%, up 66.7% from the previous quarter. Boise has a rental vacancy rate of 3.61%, down 0.28% YoY. This figure is even more impressive considering the increase of supply from newly constructed office buildings in the Boston area. In major cities with decreased vacancy rates, the average 12-month decline is 37.0%. In the Manchester metropolitan area, the multifamily rental vacancy rate is 2.4% in 2022Q3, up 60.0% YoY. Profit from the additional features of your individual account. You need at least a Starter Account to use this feature. . Here are the most impactful commercial real estate trends we can expect to see in 2021. . + Follow. Published: 2:21 PM Feb 27, 2023. Between 2005 and 2015, rental vacancy in Maine declined 22.9%. Rental vacancy in Rhode Island increased 25.0% in 2021. Commercial Real Estate . Concerns about the economy are top of mind for most global real estate leaders as they prepare for the remainder of 2022 and 2023. Efficiencies and 1-bedroom apartments had the highest vacancy rates at 22.1%. Rental vacancy in Colorado increased 18.2% in 2021. 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. Connecticut has the lowest vacancy rate at 2.0%. From 2015 to 2020, Alabamas rental vacancy rate increased 19.4%. The Baltimore-Columbia-Towson metropolitan area has a 4.9% rental vacancy rate, down 38.0% YoY. Vacancy rate can be calculated based on the occupancy of each unit or the total number of vacant days compared to the total number of rentable days: Unit 1: 0 days vacant / 365 rentable days = 0% vacancy rate. Member FDIC. The San Francisco-Oakland metropolitan area has a rental vacancy rate of 3.1%, up 16.7% YoY. The Wilmington-Camden-Philadelphia metropolitan area has an average rental vacancy rate of 4.6%, up 76.9% YoY. 40.3% of Hawaii households do not own their homes 2022Q3. [Online]. Apartments with 6 or more rooms have a vacancy rate of 4.9%. 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 . The New York-Newark-Jersey City metropolitan area has a rental vacancy rate of 3.3%, down 26.7% YoY. The statewide rental vacancy rate in Louisiana is 7.8% as of the end of 2022Q3; thats 30.0% above the national average. 62.5% of rental vacancies are in multifamily units. *Seasonal rentals, such as vacation rentals or some Airbnbs, make up 23.1% of all rental units and are not included in this report. Thus demand increased enough to keep the vacancy rate steady from quarter to quarter. Minnesota rental vacancy is up 80.0% YoY. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Homeowner vacancy in Michigan is 0.5%, with no change from the previous quarter. 27.0% of New Mexico households do not own a home as of 2022Q3. 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. The statewide rental vacancy rate in Oklahoma is 9.0% as of the end of 2022Q3; thats 50.0% above the national average. Multifamily properties continue to perform well, and the hot streak for industrial properties remains. Rental vacancy in Montana increased 20.6% in 2021. The statewide rental vacancy rate in North Carolina is 8.3% as of the end of 2022Q3; thats 38.3% above the national average. 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 Rental vacancy in Tennessee declined 10.8% in 2021. For example, assume that the same 100,000 SF property has average rents of $10 PSF. Rhode Island rental vacancy is up 120% 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. Salt Lake City has a 9.3% rental vacancy rate, up 36.8% YoY. Homeowner vacancy in Minnesota is 0.9%, up 80.0% from the previous quarter. Minnesota began and ended 2021 with a 5.1% rental vacancy rate. 26.1% of Minnesota households do not own a home as of 2022Q3. Between 2005 and 2015, rental vacancy in Tennessee declined 24.5%. 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. 29.7% of Arizona households do not own a home as of 2022Q2. Quad Cities Commercial Real Estate Market Report. Terms & Privacy | Legal Disclaimer | Sitemap | Contact Us, United States Census Bureau (Census), Housing Vacancies and Homeownership, National Association of Realtors, Commercial Real Estate Metro Market Reports, Keller Williams Realty Boise, Boise Rental Market & Vacancy Rates, Census, Population and Housing Unit Estimates, Redfin News, Housing Market News: Rental Tracker, The Empty House Next Door: Understanding and Reducing Vacancy and Hypervacancy in the United States, The national rental vacancy rate declined, Rental vacancy in principal cities declined, The median monthly rental price among vacancies was.
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