Rental Housing Units with 1-2 Rooms Had the Highest by Far Vacancy Rate in Q3 2009
In particular, the average vacancy rate for housing units with 1-2 rooms was estimated at 27.6%, 5.3 percentage points higher compared to the third quarter of 2008. The distant second highest vacancy rate by rental housing typology was registered for units with 4 rooms, which in Q3 2009 averaged 11.7%, and was up 1.4 percentage points compared to Q3 2008. The lowest vacancy rate of 8.6% was recorded for rental units with 6 or more rooms. This was only 0.1 percentage points higher than the level registered in the third quarter of 2008. Rental vacancy rates ranged also across different rent-level segments. For housing units renting between $350 and $999 there was small average vacancy rate differentiation across $50-increment rent-level segments, as it ranged largely between 12 and 12.9%. The largest by far differentiation was registered for units renting for less than $300, which posted a considerably lower vacancy rate of only 3.8% in Q3 2009. Also units renting between $300 and $350 posted an average vacancy of 8.3%. The highest vacancy rate of 13% was registered for units renting for $1,500 or more. If you have an interesting comment in relation to this article please use the form below Related Posts to submit it. Please read submission guidelines before writing and submitting your comment.
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