To the surprise of absolutely no one, but now it’s official: California has the lowest vacancy rate in the nation. Apparently, the U.S. Census Bureau tracks empty residences and in 2017 8.3 of California’s residences – rental and owned – were vacant.
What is somewhat surprising is that this represents an improvement over 2016’s 7.8 rate.
Limited availability isn’t just a California problem: nationwide the rate was 12.7 – an 11 year low.
Geoffrey Disch, thanks a lot for the article post.Much thanks again. Fantastic.