Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q1 2025 about vacancy, rent, rate, and USA.

Rental vacancy rates across the United States showed significant regional differences in 2024, with the South experiencing the highest rate at 8.7 percent. This disparity reflects broader demographic shifts and economic factors influencing the rental market. The regional variations in vacancy rates have persisted despite an overall decline since 2014, highlighting the complex dynamics of the U.S. housing landscape. Rental demand and affordability challenges The rental market continues to face pressure from high demand, particularly among younger demographics. People under 30 comprise the largest share of American renters, with approximately 42 million in this age group. Despite softening rents in some areas, affordability remains a significant issue. In 2023, 42.5 percent of renters paid gross rent exceeding 35 percent of their income, indicating widespread financial strain among tenants. Regional disparities and market trends The Northeast and West regions, which include many large urban areas, have consistently lower vacancy rates compared to the Midwest and South. This trend aligns with population shifts towards these regions, fueling higher home prices growth. The rental market has shown signs of stabilization in 2023, with the number of vacant homes for rent slightly picking up after two years of record-low vacancy.

Graph and download economic data for Rental Vacancy Rate for the United States (USRVAC) from 1986 to 2024 about vacancy, rent, rate, and USA.

Vacancy rates across the office real estate sector in the U.S. increased in the first quarter of 2025. This was in line with a general trend of rising vacancies that started in 2020 during the COVID-19 pandemic. In the *** quarter of 2025, about **** percent of office space across the country was vacant. In some major U.S. markets, vacancies exceeded ** percent. With a considerable part of the workforce working from home or following a hybrid working model, businesses are cautious when it comes to upscaling or renewing leases. Workplaces may never be the same again The COVID-19 pandemic has changed the way that companies operate, with working from home has becoming the new normal for many U.S. employees. The function of the office has evolved from the primary workplace to a space where employees collaborate, exchange ideas, and socialize. That has shifted occupiers’ attention toward spaces with modern designs that can accommodate the office of the future. Many businesses used the pandemic time to revisit their office guidelines, remodel or do a full or partial fit-out. With so much focus on quality, older buildings with poorer design or energy performance are likely to suffer lower demand, resulting in a two-speed market. What do higher vacancy rates mean for investors? Simply put, if landlords do not have tenants, their income stream is disrupted, and they cannot service their debts. April 2023 data shows that several U.S. metros had a significantly high share of distressed office real estate debt. In Charlotte-Gastonia-Concord, NC-SC, more than one-third of the commercial mortgage-backed securities for offices were delinquent, in special servicing, or a combination of both. As of March 2025. offices had the highest delinquency rate in the commercial property sector.

Graph and download economic data for Home Vacancy Rate for the United States (USHVAC) from 1986 to 2024 about vacancy, housing, rate, and USA.

The homeowner vacancy rate in the United States reached its lowest value in 2022, followed by an uptick in 2023. The rate shows what share of owner-occupied housing units were vacant and for sale. That figure peaked in 2008, when nearly three percent of homes were vacant, and gradually fell below one percent after the 2020 housing boom. Homeownership is a form of living arrangement where the owner of the inhabited property, whether apartment, house, or type of real estate, lives on the premises. Due to usually high costs associated with owning a property and perceived advantages or disadvantages associated with such a long-term investment, homeownership rates differ greatly around the world, based on both cultural and economic factors. In Europe, Romania is the country with the highest rate of homeownership, while the lowest homeownership rate was observed in Switzerland. Homeownership attitude in the U.S. Individuals may have very different opportunities or inclination to become homeowners based on nationality, age, financial status, social status, occupation, marital status, education or even ethnicity and whether one is local-born or foreign-born. In 2023, the homeownership rate among older Americans was higher than for younger Americans. In the U.S., homeownership is generally believed to be a good investment, in terms of security (no risk of eviction) and financial aspect (owning a valuable real estate property). In 2023, there were approximately 86 million owner-occupied housing units, a stark increase compared to four decades prior. Why is homeownership sentiment low? The housing market has been suffering chronic undersupply, leading to a surge in prices and eroding affordability. In 2023, the housing affordability index plummeted, reflecting the growing challenge that homeowners face when looking for property. Insufficient income, savings, and high home prices are some of the major obstacles that come in the way of a property purchase. Though affordability varied widely across different metros, just about 15 percent of U.S. renters could afford to buy the median priced home in their area.

Graph and download economic data for Rental Vacancy Rate for California (CARVAC) from 1986 to 2024 about vacancy, rent, CA, rate, and USA.

The vacancy rate of office real estate in the United States was higher than of any other property type in 2025. In the first quarter of the year, approximately ** percent of office real estate was vacant, compared to **** percent of multifamily. Shopping centers and industrial property had the lowest vacancy rates, at *** percent and ***** percent, respectively.

Graph and download economic data for Rental Vacancy Rate for Texas (TXRVAC) from 1986 to 2024 about vacancy, rent, TX, rate, and USA.

Graph and download economic data for Rental Vacancy Rate for Maine (MERVAC) from 1986 to 2024 about ME, vacancy, rent, rate, and USA.

Graph and download economic data for Rental Vacancy Rate for Arkansas (ARRVAC) from 1986 to 2024 about vacancy, AR, rent, rate, and USA.

Vacancy rates of shopping center real estate increased across all regions in the United States at the beginning of 2021, but declined as the economy started to recover from the impacts of the coronavirus pandemic. As of the first quarter of 2025, the South region had the lowest average vacancy rate at *** percent. Meanwhile, the average for the country stood at *** percent. Nashville, TN, Raleigh/Durham, NC, and Sarasota, FL, were the markets with the lowest vacancy rates at under ***** percent.

United States Housing Vacancy Rate: Rental data was reported at 6.800 % in Jun 2018. This records a decrease from the previous number of 7.000 % for Mar 2018. United States Housing Vacancy Rate: Rental data is updated quarterly, averaging 7.400 % from Mar 1956 (Median) to Jun 2018, with 250 observations. The data reached an all-time high of 11.100 % in Sep 2009 and a record low of 5.000 % in Dec 1981. United States Housing Vacancy Rate: Rental data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.EB008: Housing Vacancy and Home Ownership Rate.

Graph and download economic data for Rental Vacancy Rate for Georgia (GARVAC) from 1986 to 2024 about vacancy, rent, GA, rate, and USA.

In the second quarter of 2024, the vacancy rate for multifamily real estate in ** markets stood below **** percent. While the average for the country amounted to *** percent, in New York, this figure stood at *** percent. The average vacancy rate in the multifamily sector dipped in 2021 and 2022, but has since gradually increased.

Number of job vacancies and payroll employees, job vacancy rate, and average offered hourly wage by two-digit North American Industry Classification System (NAICS) code, last 5 quarters.

Japan Average Vacancy Rate: Osaka data was reported at 2.860 % in Nov 2018. This records a decrease from the previous number of 2.960 % for Oct 2018. Japan Average Vacancy Rate: Osaka data is updated monthly, averaging 8.470 % from Dec 1990 (Median) to Nov 2018, with 215 observations. The data reached an all-time high of 12.400 % in Mar 2011 and a record low of 0.740 % in Dec 1990. Japan Average Vacancy Rate: Osaka data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.EB005: Office Vacancy Rate: By Region.

United States Housing Vacancy Rate: Rental: West data was reported at 5.100 % in Jun 2018. This records a decrease from the previous number of 5.200 % for Mar 2018. United States Housing Vacancy Rate: Rental: West data is updated quarterly, averaging 6.800 % from Mar 1956 (Median) to Jun 2018, with 250 observations. The data reached an all-time high of 12.600 % in Jun 1965 and a record low of 4.200 % in Dec 2016. United States Housing Vacancy Rate: Rental: West data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.EB008: Housing Vacancy and Home Ownership Rate.

Number of job vacancies and payroll employees, job vacancy rate, and average offered hourly wage by economic region, last 5 quarters.

In the second half of 2023, the average vacancy rate of data centers in Northern Virginia was under one percent. On the other hand, Austin had a vacancy rate exceeding 10 percent.