PORTLAND, Ore. — Apartment, office, industrial and retail vacancies are most prevalent in cities such as Las Vegas, Detroit and the Dallas-Fort Worth region.
Providing an economic outlook on commercial real estate, John Chang vice president of research services at Marcus & Millichap Real Estate Investment Services, the bottom five areas for retail vacancies were Dallas, Indianapolis, Phoenix, Cleveland and Cincinnati as of the second quarter. The top five were San Francisco, San Diego, Washington, Los Angeles and Boston.
The top five apartment vacancy cities were New York, Minneapolis, San Jose, Calif., Portland, Ore. and San Diego. Phoenix, Atlanta, Tucson, Ariz., Houston and Jacksonville, Fla. made the top five bottom list.
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