Illinois rental vacancy is down 12.5% YoY. 28.5% of Pennsylvania households do not own a home as of 2022Q3. Canada Cap Rate Report Q4 2022. Syracuse has 10.5% rental vacancy, up 6.06% YoY. Member FDIC. Rental vacancy in Iowa declined 11.8% in 2021. Between 2022Q2 and 2022Q3, Tennessees rental vacancies declined 12.4%. From 2015 to 2020, Washingtons rental vacancy rate decreased 15.8%. 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. 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. 33.7% of North Dakota households do not own a home as of 2022Q3. . Between 2005 and 2015, rental vacancy in Kentucky declined 20.2%. Raleigh has a rental vacancy rate of 4.7%, up 30.6% YoY. 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 Arkansas increased 5.63% in 2021. Published: 2:21 PM Feb 27, 2023. 10.6% of vacant housing units are second homes. . In 2015 and 2020, Oregon had a 4.5% rental vacancy rate. Between 2022Q2 and 2022Q3, Oregons rental vacancies declined 9.09%. The vacancy rate and occupancy rate should add up to 100%. Homeowner vacancy in Oregon is 0.9%, down 30.8% from the previous quarter. Data provided by Commercial Edge Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The steepest decline in rental vacancy was between 1965 and 1971, when rates declined 37.6% or at an annual rate of 6.27%. The statewide rental vacancy rate in Alabama is 9.3% as of the end of 2022Q3; thats 55.0% above the national average. From 2015 to 2020, Idahos rental vacancy rate declined 32.2%. New Mexico rental vacancy is down 1.82% YoY. 31.8% of Montana households do not own a home as of 2022Q3. 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. Pennsylvania rental vacancy is down 1.85% YoY. Between 2022Q2 and 2022Q3, Louisianas rental vacancies increased 18.2%. Four (4) major metropolitan rental markets are have high vacancy: Greensboro-High Point, North Carolina (17.5%), Little Rock- North Little Rock- Conway, Arkansas (13.3%). 2022 real estate trends to watch. North Dakota rental vacancy is up 12.4% YoY. New Hampshire rental vacancy is up 44.0% YoY. Rental vacancy in South Carolina declined 35.3% in 2021. 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. Asking rents for Class A space average $20.64 / sq ft / year and $14.87 for Class B properties. Homeowner vacancy in Wyoming is 0.9%, up 50.0% from the previous quarter. Homeowner vacancy in Idaho is 1.1%, up 120% from the previous quarter. Please review its terms, privacy and security policies to see how they apply to you. Homeowner vacancy in North Carolina is 0.7%, down 12.5% from the previous quarter. Connecticut and Virginia have the greatest rate of decline at 51.2% and 50.0%, respectively. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. North Carolina rental vacancy is up 69.4% YoY. Thus demand increased enough to keep the vacancy rate steady from quarter to quarter. Vacancy rate of shopping center real estate in the United States in the 2nd quarter 2020 and 2nd quarter 2021, by market [Graph]. From 2015 to 2020, Colorados rental vacancy rate increased 2.27%. Commercial Real Estate . The New York-Newark-Jersey City metropolitan area has a rental vacancy rate of 3.3%, down 26.7% YoY. Between 2005 and 2015, rental vacancy in Oklahoma declined 37.0%. on the market in Q4 2022. Grand Rapids-Wyoming metropolitan area has 3.5% rental vacancy, down 46.2% YoY. From 2015 to 2020, Rhode Islands rental vacancy rate declined 28.3%. Homeowner vacancy in Michigan is 0.5%, with no change from the previous quarter. Homeowner vacancy in Arizona is 0.9%, with no change from the previous quarter. When the vacancy rate is applied, the vacancy loss is $100,000 ($1,000,000 x 10%). 25.6% of South Carolina households do not own a home as of 2022Q3. Rental vacancy in Nebraska declined 25.8% in 2021. Although Manhattan has neighborhoods with extensive empty retail space, retail vacancy rates are highest in . Get full access to all features within our Business Solutions. The Indianapolis-Carmel-Anderson metropolitan area has an 11.9% rental vacancy rate, up 91.9% YoY. Homeowner vacancy in Rhode Island is 0.9%, up 200% from the previous quarter. The rental vacancy rate in principal cities is 6.5% as of 2022 Q3, down 1.52% year-over-year (YoY). Between 2005 and 2015, rental vacancy in Georgia declined 41.9%. Rental vacancy in Wyoming declined 24.5% in 2021. Homeowner vacancy in Nebraska is 0.4%, down 20.0% from the previous quarter. Between 2022Q2 and 2022Q3, Arizonas rental vacancies increased 21.8% from a rate of 5.5%. Between 2022Q2 and 2022Q3, Massachusetts rental vacancies increased 11.1%. Statista. The statewide rental vacancy rate in South Carolina is 4.2% as of the end of 2022Q3; thats 30.0% below the national average. Between 2005 and 2015, rental vacancy in Alabama increased 8.94%. Rental vacancy in Georgia decreased 23.1% in 2021. Homeowner vacancy in Oklahoma is 1.2%, up 71.4% from the previous quarter. 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%. Miami-Fort Lauderdale-West Palm Beach has a rental vacancy rate of 5.6%, up 33.3% YoY. I was responsible for the collection, maintenance, and preparation of data across all property types required for writing quarterly statistical reports, graphs, and charts. Empty buildings High office vacancy rates are plaguing cities nationwide, according to Avison Young, a commercial real estate firm. Between 2005 and 2015, rental vacancy in Texas declined 37.2%. The industry has begun to respond and deliver record amounts of new warehouses. Last year's results were much more optimistic: 80% expected . Minnesota rental vacancy is up 80.0% YoY. Between 2005 and 2015, the average rental vacancy declined 23.3%. As empty units diminish, finding an apartment becomes more difficult, and property owners are able to ask for higher prices. The formula used to calculated vacancy loss is: Vacancy Loss: (Total SF x Rent PSF) x Vacancy Rate. Wyoming rental vacancy is down 2.67% YoY. Highlights. E-commerce accounts for less than 20% of retail sales, Aerospace, Defense and Government Services. Between 2022Q2 and 2022Q3, Hawaiis rental vacancies increased 59.3%. Cleveland-Elyria has 3.3% rental vacancy, up 175% YoY. Between 2022Q2 and 2022Q3, Illinoiss rental vacancies declined 2.53%. The city of Wichita has a 5.9% multifamily rental vacancy rate in 2022Q3, down 4.84% YoY. The statewide rental vacancy rate in Delaware is 3.7% as of the end of 2022Q3; thats 38.3% below the national average. From 2015 to 2020, Marylands rental vacancy rate declined 32.9%. Rental vacancy in Texas increased 2.56% in 2021. Plus, supply chain issues persist, and inflation is near 40-year highs, prompting the Fed to steadily increase interest rates. Hobart was the only capital city to see an increase in its vacancy rate, to 0.6%. For most of the past decade, the national rental vacancy rate has steadily declined. Between 2022Q2 and 2022Q3, Montanas rental vacancies declined 30.6%. 27.0% of Delaware households do not own a home as of 2022Q3. 2023, iPropertyManagement.com. Buffalo-Cheektowaga-Niagara Falls has a rental vacancy rate of 6.8%, up 518% YoY. The statewide rental vacancy rate in Virginia is 3.3% as of the end of 2022Q3; thats 45.0% below the national average. New Haven-Milford has a rental vacancy rate of 0.6%, down 88.2% YoY. 27.5% of Mississippi households do not own a home as of 2022Q3. Rental vacancy in West Virginia increased 14.1% in 2021. The Los Angeles-Long Beach-Anaheim metropolitan area has a rental vacancy rate of 5.1%, up 4.08% YoY. In southern states, the rental vacancy rate is 7.3%, up 1.39% YoY as of 2022 Q3. Single family homes had a rental vacancy rate of 5.8% in 2022 Q3. 10.6% of vacant housing units are second homes. West Virginia rental vacancy is down 3.03% YoY. Between 2005 and 2015, rental vacancy in Michigan declined 30.8%. 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. According to Zillows methodology, typical monthly rent prices were $2,090 in August 2022, up 12.3% YoY. The national vacancy rate is 3.33% lower than it was in 1956Q1. Homeowner vacancy in Arkansas is 2.2%, up 83.3% from the previous quarter. The risk free rate is the interest rate on a 10-year United States Treasury Bill. Rental vacancy in Missouri increased 8.11% in 2021. The best performing sub-markets in Northern Virginia are Falls . Homeowner vacancy in Alabama is 0.8%, with no change from the previous quarter. Show publisher information From 2015 to 2020, Minnesotas rental vacancy rate decreased 1.72%. 24.4% of Michigan households do not own a home as of 2022Q3. Homeowner vacancy in Texas is 0.8%, up 60.0% from the previous quarter. 27.4% of Missouri households do not own a home as of 2022Q3. You need at least a Starter Account to use this feature. Rental vacancy in Washington declined 5.26% in 2021. The Midwest has the highest rate of homeownership at 70.1%. Now let's assume an investor has a 3-unit triplex multifamily property. From 2015 to 2020, Missouris rental vacancy rate decreased 32.6%. The St. Louis rental vacancy rate is 5.5%, down 5.17% YoY. Between 2022Q2 and 2022Q3, Indianas rental vacancy rate increased 1.15%. The retail vacancy rate in Greenpoint and. Owner-occupied homes see lower vacancy rates on average than rentals do. Last Updated: 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. Rental vacancy in Wisconsin increased 68.8% in 2021. 35.6% of Georgia households do not own a home as of 2022Q3. Homeowner vacancy in Illinois is 1.3%, down 13.3% from the previous quarter. The largest cities saw significant declines in rentership throughout the pandemic; some urban centers appear to be rebounding. Albuquerque has a vacancy rate of 5.2%, down 5.45% YoY. To help REALTORS and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series Commercial Real Estate Metro Market Reports which provide insights into the fundamentals and direction of the nation's largest metropolitan commercial real . Between 2022Q2 and 2022Q3, Floridas rental vacancies declined 5.00%. "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. Multifamily recovery: Multifamily and retail real estate markets have largely recovered from the early days of the pandemic. 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. Between 2022Q2 and 2022Q3, West Virginias rental vacancies decreased 12.3% from a rate of 8.0%. In 2015 and 2020, Kansas had a rental vacancy rate of 12.1%. Between 2005 and 2015, rental vacancy in Arizona declined 42.4%. Between 2022Q2 and 2022Q3, Kansass rental vacancies declined 36.1%. To use individual functions (e.g., mark statistics as favourites, set The Louisville-Jefferson County metropolitan statistical area has 5.8% rental vacancy, down 10.8% YoY. From 2005 to 2010, housing vacancies overall increased 26.3%. [Online]. Between 2005 and 2015, rental vacancy in Missouri declined 28.6%. Amanda Ortiz is the Director, National Industrial Research on the National Marketing & Research team at Colliers. You need a Statista Account for unlimited access. Rental vacancy in North Carolina declined 8.70% in 2021. The Cheyanne metropolitan area had a multifamily rental vacancy rate of 2.9% in 2022Q1, up 93.3% YoY. 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 statewide rental vacancy rate in Pennsylvania is 5.3% as of the end of 2022Q3; thats 11.7% below the national average. 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. Homeowner vacancy in Kansas is 1.0%, down 9.09% from the previous quarter. The Albany-Schenectady-Troy metropolitan area has a rental vacancy rate of 8.9%, down 25.8% YoY. But they can adjust rents annuallysometimes even monthlyto account for market changes. The Chicago-Naperville-Elgin metropolitan area has an 5.6% rental vacancy rate, down 31.7% YoY. Homeowner vacancy in Mississippi is 0.5%, up 25.0% from the previous quarter. Rental vacancy in Alaska declined 39.7% in 2021. The Charlotte-Concord-Gastonia metropolitan area has a rental vacancy rate of 9.1%, up 56.9% YoY. The Atlanta-Sandy Springs-Roswell metropolitan area has a rental vacancy rate of 6.5%, up 6.56% YoY. Louisiana rental vacancy is up 6.85% YoY. statistic alerts) please log in with your personal account. Its important to look at each of these macroeconomic factors: Together, these factors may lead to a mild to moderate recession in 2023. Highrise structures with many small units built after March 2010 are the most likely to have high rental vacancy rates. The statewide rental vacancy rate in Washington is 5.5% as of the end of 2022Q3; thats 8.33% below the national average. Mississippi rental vacancy is down 14.0% YoY. 35.7% of Texas households do not own a home as of 2022Q3. Between 2005 and 2015, rental vacancy in Ohio declined 45.8%. Rates are somewhat higher in districts to the north of the I-25, where they average $22.50. The Minneapolis-St. Paul-Bloomington metropolitan area has a vacancy rate of 9.1%, up 214% YoY. The Tampa-St. Petersburg-Clearwater metropolitan area rental vacancy rate is 9.7%, up 38.6% YoY. Rental vacancy in South Dakota declined 28.7% in 2021. Rental vacancy in Pennsylvania declined 10.4% in 2021. 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 national rental vacancy rate has declined 45.9% since 2009, when vacancy hit an all-time high (11.1%). Commercial real estate annual report: Where 2022 has positioned Kansas City Enlarge As tenants upgrade to newer, shinier buildings, the "flight to quality" phenomenon has resulted in a. 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 Nevada is 1.1%, up 22.2% from the previous quarter. In Philadelphia, vacant properties resulted in $3.6 billion in reduced household wealth. From 2015 to 2020, vacancy increased 19.2%. Real estate firm CBRE said in its first-quarter report on the industrial and logistics market that almost 100 million square feet of space was absorbed in the period, the third-highest amount. Hovering around 7.6% to 7.8% Boston vacancy rates are considered very low compared to the national average of 11.5%. From 2015 to 2020, South Dakotas rental vacancy rate increased 35.4%. National and international geopolitical issues and market volatility combined with high inflation and interest rate hikes place the U.S. economy in uncharted territory. The statewide rental vacancy rate in Colorado is 5.0% as of the end of 2022Q3; thats 16.7% below the national average. Hampton Roads Market Demand and Rent Growth End the Year Above National Averages. Rhode Island rental vacancy is up 120% YoY. 40.3% of Hawaii households do not own their homes 2022Q3. From 2015 to 2020, Alabamas rental vacancy rate increased 19.4%. 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. The 2023 commercial real estate outlook indicates there may be challenges ahead. 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. Between 2005 and 2015, rental vacancy in Virginia declined 33.3%. Virginia rental vacancy is down 50.0% YoY. Between 2005 and 2015, rental vacancy in Pennsylvania declined 28.1%. It predicted high demand will continue this year, led by higher immigration targets, driving vacancy even lower in 2023. Investment sales activity dropped markedly in the second half, with Q4 trading volume totaling $131.1 billion, a 62% drop from year-end 2021. San Antonio-New Braunfels has 4.6% rental vacancy, up 100% YoY. Commercial property vacancy rates Commercial property vacancy rates, news, insights and market data. Top-ranked, fully integrated services for selling, leasing or developing commercial real estate in Montreal and throughout Quebec. The Phoenix-Mesa metropolitan area has a vacancy rate of 6.6%, up 61.0% YoY. 8.1% of vacant rental units are in structures built after March 2010. 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. Rental vacancy in Massachusetts declined 33.3% in 2021. While specific rates can vary from city to city, overall, the nation's commercial vacancy rates are expected to be 12.3% this year, which is on par with 2022 . Homeowner vacancy in D.C. is 1.1%, down 31.3% from the previous quarter. Perth and Adelaide remain the most competitive capital cities for potential tenants . Rental vacancy in New Jersey declined 32.4% in 2021. Western states have a rental vacancy rate of 4.7%, up 6.82% YoY. The national rental vacancy rate is 6.0%. Rental vacancy in Montana increased 20.6% in 2021. 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. Q4 2022 Salt Lake City Industrial Report. Rental vacancy in California declined 28.6% in 2021. Between 2005 and 2015, rental vacancy in Nebraska declined 47.4%. Tennessee rental vacancy is down 7.14% YoY. Rental vacancy in Delaware increased 7.84% in 2021. Boise has a rental vacancy rate of 3.61%, down 0.28% YoY. Between 2005 and 2015, rental vacancy in West Virginia declined 23.8%. Amanda possesses comprehensive experience in both database management and trend analysis. Charleston-North Charleston-Summerville has a rental vacancy rate of 6.9%, down 30.3% YoY. Between 2022Q2 and 2022Q3, Ohios rental vacancies declined 9.26%. Between 2005 and 2015, rental vacancy in Hawaii increased 107.1%. Read More. The multifamily rental vacancy rate in Sioux Falls is 4.8% in 2022Q3, down 23.8% YoY. and Quebec City's most prominent neighborhoods. The Denver-Aurora-Lakewood area has an average rental vacancy rate of 6.8%, up 88.9% from the previous quarter. Market Insights Rate rises another blow to a struggling retail sector News What you need to know in property this week The statewide rental vacancy rate in Utah is 5.0% as of the end of 2022Q3; thats 16.7% below the national average. "Almost on a weekly basis, things . Between 2022Q2 and 2022Q3, Alaskas rental vacancies increased 51.2% from a rate of 4.1%. The statewide rental vacancy rate in Oregon is 3.0% as of the end of 2022Q3; thats 50.0% below the national average. From 2015 to 2020, South Carolinas rental vacancy rate increased 1.74%. Visit jpmorgan.com/cb-disclaimer for disclosures and disclaimers related to this content. In Los Angeles, 24.1 percent of its offices are without tenants, and in Chicago, the office vacancy rate is 21.9 percent. 31.6% of Washington households do not own a home as of 2022Q3. There may be overleveraged building owners during an economic downturn. 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. Trenton-Princeton has a multifamily rental vacancy rate of 7.5% in 2022Q3, down 16.7% YoY. The statewide rental vacancy rate in Wyoming is 7.3% as of the end of 2022Q3; thats 21.7% above the national average. South Dakota rental vacancy is down 42.0% YoY. From 2015 to 2020, North Dakotas rental vacancy rate increased 31.2%. The multifamily market had a historic year, with 1.07 million units absorbed since the pandemic, according to NAR's December 2021 Commercial Market Insights Report. 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. Between 2005 and 2015, rental vacancy in Kansas declined 19.9%. The Dallas-Ft. Worth-Arlington metropolitan area has a vacancy rate of 7.0%, up 12.9% YoY. Homeowner vacancy in Ohio is 1.0%, up 42.9% from the previous quarter. Now divide that number by the days the apartment . 28.4% of Wisconsin households do not own a home as of 2022Q3. Commercial real estate marketing website Redfin reports a median rent of $2,022 as of September 2022, up 8.8% YoY. Has 10.5 % rental vacancy in Alabama increased 8.94 % the Los Angeles-Long Beach-Anaheim area. Immigration targets, driving vacancy even lower in 2023 21.9 percent demand and Rent end. Increased 14.1 % in 2021 area rental vacancy rate increased 35.4 % rate on a basis... 7.6 % to 7.8 % Boston vacancy rates Dakota declined 28.7 % in 2021 Pennsylvania declined 10.4 % 2021! Nebraska is 0.4 %, up 88.9 % from the previous quarter rental. Even lower in 2023 Springs-Roswell metropolitan area has an 11.9 % rental vacancy rate 9.1. 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