US Metropolitan Industrial Vacancy Rates Ranged from 9% to 21% in November 2009
US metropolitan industrial vacancy rates ranged from 9% to 21% in November 2009, according to data published jointly by the National Association of Realtors (NAR) and CBRE Econometric Advisors (CBRE-EA).
In particular, according to the NAR/CBRE-RE report, which presents data for 49 major US markets, metropolitan industrial vacancy rates in November 2009 ranged from 8.8% in Los Angeles, CA, to 21.0% in Detroit, MI.
Houston, TX, Long Island, NY, Kansas City, MO, and San Francisco, CA, complete the list of the top five markets with the lowest metropolitan industrial vacancy rates, which as of November 2009 averaged 10.4%, 10.5%, 10.7% and 10.8%, respectively.
Las Vegas, NV, Portland, OR, Seattle, WA, Cleveland, OH, and Salt Lake City, UT, complete the list of the ten top markets with the lowest industrial vacancy rates, which as of November 2009 ranged between 11.0% and 11.6%, respectively.
Phoenix, AZ, Stamford, CT, Atlanta, GA, and Boston, MA with vacancy rates of 19.8%, 18.4%, 18.3%, and 18.1%, respectively, along with Detroit, MI, complete the list of the five markets with the highest metropolitan industrial vacancy rates as of November 2009. Baltimore, MD, Dallas, TX, Riverside, CA, Sacramento, CA, and Columbus, OH, with vacancy rates ranging between 16.1% and 17.3%, complete the list of the ten industrial markets with the highest vacancy rates as of November 2009.
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