Areas with Lowest Vacancy by Sector

Low vacancy data can be indicators of healthy markets and provide insight into investment areas. The following 2006, Q4 vacancy data was provided by Torto Wheaton Research and Real Capital Analytics : 

Office Market 
Areas with the lowest office vacancies currently include New York City; Ventura County, Calif.; Miami; Orange County; Honolulu; and Riverside, Calif., all with vacancy rates of 8.9% or less.

Industrial Market 
The areas with the lowest industrial vacancies currently are West Palm Beach, Fla,; Los Angeles; Miami; Orange County, Calif,; Fort Lauderdale,Fla.; and Tampa, all with vacancy rates of 5.5% or less.

Retail Market
Retail Markets with the lowest retail vacancies include Las Vegas; Orange County, Calif.; Oakland, Calif.; San Francisco; and Honolulu, all with vacancies of 4.2% or less.

Multifamily Market 
The areas with the lowest apartment vacancies currently include San Francisco, Northern New Jersey, Miami, Los Angeles, San Jose and Salt Lake City, all with vacancy rates of 3.0% or less.

Hospitality Market
Markets with the highest RevPAR currently include New York City; Honolulu; San Francisco; Miami; West Palm Beach, Fla.; and Boston, all with RevPAR in excess of $93.

Source: NAR ; Growth Continues in Commercial Real Estate with Record Investment