5 ms·
This article is terrible. It starts off talking about high vacancy rates for commercial properties, then segues to talking about housing shortages. Vacancy rate
by gruez 5mo ago
This article is terrible. It starts off talking about high vacancy rates for commercial properties, then segues to talking about housing shortages. Vacancy rates for housing is definitely not in the 27% range implied by the article. They're in the single digits, with the hottest housing markets also having the lowest rates.
https://www.census.gov/housing/hvs/current/index.html https://www.census.gov/housing/hvs/current/index.html
https://www.census.gov/housing/hvs/data/rates.html https://www.census.gov/housing/hvs/data/rates.html
Sorting by the census areas with the highest rates gets you areas like Jacksonville, FL, Baton Rouge, LA, and San Antonio-New Braunfels, TX. Superstar cities like SF and NY have rental vacancy rates of 5.5 and 5.4 respectively.
- boston_clone 5mo agoAgreed that the writing is poor and difficult to follow, but the vacancy rate mentioned was regarding commercial properties: > Portland, Oregon reached another post-pandemic high of downtown office vacancies – 27%