Rental vacancy rate: Difference between revisions
AppleBsTime (talk | contribs) →Commercial vacancies: This section was a bit of a mess -- trying to improve with a more current source with wider perspective. |
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{{short description|Economic indicator}} |
{{short description|Economic indicator}} |
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The '''rental vacancy rate''' is an [[economic indicator]] which measures the percentage of [[rental home]]s that are [[wikt:vacant|vacant]]. |
The '''rental vacancy rate''' is an [[economic indicator]] which measures the percentage of [[rental home]]s or commercial spaces that are [[wikt:vacant|vacant]]. |
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==Residential vacancies== |
==Residential vacancies== |
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Revision as of 17:18, 24 April 2023
The rental vacancy rate is an economic indicator which measures the percentage of rental homes or commercial spaces that are vacant.
Residential vacancies
In the United States the Census Bureau keeps track of vacancy rates.[1] In Canada Canada Mortgage and Housing Corporation measures vacancy rates of 25 metropolitan areas and for the 75 largest Metropolitan Statistical Areas (MSAs) across the country [2] and publishes the findings semi-annually in June and December.[3]
Commercial vacancies
Commercial property vacancy rates can ebb and flow with the shifting economy in various cities, states, and nations. In the United States, for example, according to the Seattle Times office space was "tight" in Seattle and Bellevue in 2013.[4] However, in 2023, the office vacancy rate in the United States had risen to 12.9%, which was seen as the highest ever since one data collection firm began tracking such statistics in the year 2000.[5]
References
- ^ "Census data" (PDF). www.census.gov. July 27, 2012.
- ^ "Real Estate and Rental Vacancies|And What's Likely to Come next". March 8, 2018.
- ^ "Canada's Rental Vacancy Rate Increases | CMHC". Archived from the original on 2013-07-02. Retrieved 2013-07-02.
- ^ Bhatt, Sanjay (2013-10-16). "Seattle, Bellevue office space tight | Business & Technology". The Seattle Times. Retrieved 2018-06-17.
- ^ Putzier, Konrad (24 April 2023). "Commercial Real-Estate Woes Run Deeper Than in Past Downturns". WSJ. Dow Jones / Wall Street Journal. Retrieved 24 April 2023.
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