
The West leads the way in Reis' list of markets with the lowest vacancy rate in the first quarter, with six of the tightest markets in California and another in New Mexico. The East Coast's only representatives are Hartford and New Haven, Conn., and Rochester, N.Y.
Here's the list from Reis:
Rank | Metro Market | 1Q Vacancy Rate |
1 | Sacramento | 2.3% |
2 | Orange County | 2.4% |
3 | San Jose | 2.4% |
4 | San Diego | 2.5% |
5 | New Haven | 2.5% |
6 | Oakland-East Bay | 2.6% |
7 | Hartford | 2.6% |
8 | Rochester | 2.7% |
9 | Ventura County | 2.7% |
10 | Albuquerque | 2.7% |