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.

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.

Rental Vacancy Rate in the United States was 7.10% in January of 2025, according to the United States Federal Reserve. Historically, Rental Vacancy Rate in the United States reached a record high of 11.10 in July of 2009 and a record low of 5.00 in January of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for Rental Vacancy Rate in the United States - last updated from the United States Federal Reserve on July of 2025.

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 the United States (USRVAC) from 1986 to 2024 about vacancy, rent, 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.

The U.S. multifamily vacancy rate increased slightly in 2023, after reaching one of the lowest levels on record in 2022. Approximately *** percent of multifamily homes were vacant in the fourth quarter of 2023. Despite the increase, this figure was notably lower than the long-term historical average. U.S. multifamily housing sector Multifamily housing, refers to a housing type where multiple apartments are contained within one housing unit, or when several buildings form a larger complex. Construction of such houses has been on the rise, as the industry struggles to meet housing demand. The average size of such a housing unit was ***** square feet. Popularity among investors Multifamily housing accounted for almost ** percent of the housing stock in the United States in 2021. This type of real estate is popular among investors because it tends to generate a steady cash flow, and be easy to obtain financing for.

Rental Vacancy Rate for Massachusetts was 3.20% in January of 2024, according to the United States Federal Reserve. Historically, Rental Vacancy Rate for Massachusetts reached a record high of 8.80 in January of 1992 and a record low of 2.50 in January of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Rental Vacancy Rate for Massachusetts - last updated from the United States Federal Reserve on July of 2025.

In 2023, the rental market in Canada saw the lowest vacancy rate for rental apartments during the observed period. Approximately 1.5 percent of apartments were unoccupied in 2023, down from 1.9 percent the year below. Saskatchewan was the province with the highest vacancy rate, whereas Prince Edward Island and Nova Scotia had the lowest share of unoccupied apartments.

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.

In 2023, the average vacancy rate for industrial and logistics real estate in the United States rose, marking the first increase since early 2020. As of the second quarter of 2024, approximately **** percent of industrial and logistics real estate was vacant - an increase of **** percentage points since the fourth quarter of 2022. Despite vacancies rising, in many of the major industrial markets, the vacancy rate stood below five percent. Why has the vacancy rate increased? High-quality warehousing and fulfillment centers are crucial to the e-commerce sector because they allow retailers to establish efficient processes, reduce costs, and meet consumer expectations. During the COVID-19 pandemic, e-commerce sales grew rapidly, driving demand for industrial and logistics real estate. Rising leasing activity led to the share of available space dropping notably. As development increased to meet this demand, 2023 experienced the highest amount of new completions and vacancies rising. Which are the largest U.S. industrial and logistics markets? Home to the largest port complex in North America and a gateway for the trade between Asia and North America, Greater Los Angeles is the market with the most industrial and logistics real estate stock. Nevertheless, when considering demand, Houston and Dallas/Ft. Worth, Texas, topped the ranking with the most industrial and logistics real estate absorbed in 2023. Both markets possess a strategic location, proximity to the Gulf of Mexico, and a convenient connection to major East and West Coast markets.

Rental Vacancy Rate for New Hampshire was 4.00% in January of 2024, according to the United States Federal Reserve. Historically, Rental Vacancy Rate for New Hampshire reached a record high of 11.00 in January of 1991 and a record low of 2.40 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Rental Vacancy Rate for New Hampshire - last updated from the United States Federal Reserve on July of 2025.

Rental Vacancy Rate for Arkansas was 9.80% in January of 2024, according to the United States Federal Reserve. Historically, Rental Vacancy Rate for Arkansas reached a record high of 14.70 in January of 2014 and a record low of 6.80 in January of 1994. Trading Economics provides the current actual value, an historical data chart and related indicators for Rental Vacancy Rate for Arkansas - last updated from the United States Federal Reserve on July of 2025.

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

This table contains data described by the following dimensions (Not all combinations are available): Geography (37 items: Census metropolitan areas; Saguenay; Quebec; Calgary; Alberta; Edmonton; Alberta ...).

Historical data on job vacancy rates for various industries and businesses

Rental Vacancy Rate for the United States was 6.80% in January of 2024, according to the United States Federal Reserve. Historically, Rental Vacancy Rate for the United States reached a record high of 10.60 in January of 2009 and a record low of 5.80 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Rental Vacancy Rate for the United States - last updated from the United States Federal Reserve on July of 2025.

Japan CBRE: Office Vacancy Rate: Tokyo data was reported at 1.400 % in Mar 2018. This records a decrease from the previous number of 1.500 % for Dec 2017. Japan CBRE: Office Vacancy Rate: Tokyo data is updated quarterly, averaging 3.600 % from Mar 2013 (Median) to Mar 2018, with 21 observations. The data reached an all-time high of 6.800 % in Mar 2013 and a record low of 1.400 % in Mar 2018. Japan CBRE: Office Vacancy Rate: Tokyo data remains active status in CEIC and is reported by Ikoma CB Richard Ellis. The data is categorized under Global Database’s Japan – Table JP.EB003: Office Vacancy Rate and Assumed Achievable Rent: By Region: CBRE.

Rental Vacancy Rate for Oregon was 6.70% in January of 2024, according to the United States Federal Reserve. Historically, Rental Vacancy Rate for Oregon reached a record high of 11.80 in January of 2004 and a record low of 3.30 in January of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Rental Vacancy Rate for Oregon - last updated from the United States Federal Reserve on July of 2025.