Office, Retail & Apartment Vacancy Rankings

Mon, 08/31/2009 - 13:53

Retail Vacancy Ranking
Rank	Submarket	Vacancy Rate	Y-O-Y Basis Point Change	Effective Rent (psf)	Y-O-Y % Change
1	Salt Lake City	4.20%	-70	$19.05	-2.10%
2	South Central	4.50%	80	$14.19	-2.10%
3	Southwest	9.70%	490	$13.86	-1.20%
4	Upper Counties	13.00%	10	$10.42	-3.20%
5	Midvale/Sandy/Southeast	15.60%	110	$14.24	-2.60%


Apartment Vacancy Ranking
Rank	Submarket	Vacancy Rate	Y-O-Y Basis Point Change	Effective Rent	Y-O-Y % Change
1	Northwest Salt Lake/Airport	4.20%	0	$610.00	-2.40%
2	West Valley City	4.70%	-130	$670.00	-2.30%
3	Murray	4.80%	40	$737.00	-1.10%
4	Central Salt Lake City	5.10%	60	$742.00	2.90%
5	Midvale/Sandy	5.20%	30	$748.00	-2.70%
6	Southwest Salt Lake City	5.80%	30	$644.00	-6.10%
7	Davis County	5.80%	-50	$676.00	4.20%
8	West Jordan	6.60%	110	$762.00	-4.40%
9	South Salt Lake/Cottonwood	6.80%	140	$665.00	-2.90%
10	Weber County	7.60%	140	$634.00	1.00%

	1Q 2008 to 1Q 2009
	Top 10 Markets by Change in Vacancy
	Metro	1Q 2009	Y-O-Y Chg. (bps)
	Philadelphia	12.30%	10
	Kansas City	15.70%	60
	Cleveland	18.80%	70
	Columbus	18.60%	80
	Louisville	14.10%	110
	Cincinnati	19.30%	110
	Chicago	16.50%	120
	Houston	13.00%	130
	Portland	12.70%	140
	Salt Lake City	13.90%	140
	U.S. Metro Average	15.30%	250

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