While vacancy may be starting to rise around the country, some formerly hard-hit markets are seeing occupancy increase, according to New York–based research firm Reis. A number of Florida markets surged into the top 10 this past quarter. But they weren’t alone.
“Not long ago, these markets, regarded as the epicenters of the housing market downturn, were left for dead,” says Reis senior economist and director of research Ryan Severino. “However, the turnaround in the markets has been far stronger and faster than many had anticipated.”
Here are the top 10 markets that saw the largest increase in occupancy in Q3.
Rank |
Metro Market |
Vacancy Change |
3Q Vacancy Rate |
1 |
Syracuse, N.Y. |
-0.4% |
2.4% |
2 |
Chattanooga, Tenn. |
-0.3% |
4.9% |
2 |
Orlando, Fla. |
-0.3% |
4.9% |
2 |
Tampa–St. Petersburg, Fla. |
-0.3% |
4.6% |
2 |
Columbia, S.C. |
-0.3% |
5.7% |
2 |
Baltimore |
-0.3% |
3.5% |
2 |
Denver |
-0.3% |
4.5% |
2 |
Miami |
-0.3% |
4.3% |
9 |
Rochester, N.Y. |
-0.2% |
2.8% |
9 |
Palm Beach, Fla. |
-0.2% |
5.1% |
