Thursday, August 2, 2012

Trulia: Denver sees one of nation's largest declines in vacant units

According to Trulia's chief economist Jed Kolko, Denver was among the metros with the largest declines in vacancy units over the past 12 months. Some other helpful comparisons with out-of-state metros are also provided.

This covers all units, not just multifamily or single-family.  This reflects our own data showing a 1.5 percent or so vacancy rate for rental houses and a 4.8 percent vacancy rate for apartments in the Denver area.

See here for more.

Biggest decline in vacant units, last 12 months
U.S. Metro % change in vacant units, July 2011 to July 2012 % of all units that are vacant, July 2012
San Jose, CA
-24.1%
1.0%
Las Vegas, NV
-16.1%
5.8%
Denver, CO
-15.0%
2.4%
Bakersfield, CA
-15.0%
2.3%
Orange County, CA
-14.4%
1.4%
Seattle, WA
-14.1%
2.4%
Phoenix, AZ
-13.0%
4.7%
San Diego, CA
-12.8%
1.6%
Raleigh, NC
-12.7%
1.6%
Nashville, TN
-12.5%
1.9%