Orlando no longer leads U.S. in empty units, homes
By Mary Shanklin Orlando Sentinel
November 22, 2010
After leading the nation in rental vacancies during the first quarter, Metro Orlando's residential-leasing market appears to have improved more than that of almost any major U.S. city, according to a U.S. Census report.
The four-county metro area had a third-quarter apartment vacancy rate of 13.5 percent, down from 20.6 percent in the first quarter.
The area went from having the highest rate of vacant rental units to ranking 21st out of the 75 largest U.S. metropolitan areas surveyed by the Census. Only Jacksonville; Nashville, Tenn.; and Akron, Ohio showed greater improvement.
Orlando's homeowner-vacancy rate also improved. In the first quarter, the area had also led the nation with an 8.3 percent vacancy rate among single-family houses listed for sale. By the end of the third quarter, those vacancies were down to 3.8 percent, which was the 11th-highest rate in the country. Only Tucson, Ariz., and Greensboro, N.C., showed more improvement during that period.
As you can clearly see things are looking up for the World of Mickey Mouse! This looks like prices could increase as properties are bought! - Estella
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