Table 5.  Rental Vacancy Rates for the 75 Largest Metropolitan Areas:  1986 to 1998

                                              1986     1987     1988     1989   1989/r     1990


  Inside Metropolitan Areas                    7.2      7.7      7.8      7.2      7.4      7.1

  Akron, OH...............................      NA       NA       NA       NA       NA       NA
**Albany-Schenectady-Troy, NY.............     4.8      7.0      9.3      6.4      7.1      7.2
**Atlanta, GA.............................     6.3      6.4      9.7     12.5     12.5     11.6
**Austin-San Marcos, TX...................      NA       NA       NA       NA       NA       NA
  Baltimore, MD...........................     6.7      8.3      5.4      4.9      4.9      5.2
* Bergen-Passaic, NJ......................     3.6      3.2      8.6      5.2      5.2      6.6
**Birmingham, AL..........................     5.2      5.5      8.4      7.7      7.7      5.2
**Boston, MA-NH\1.........................     4.6      4.0      4.1      4.2      4.2      6.0
  Buffalo, NY.............................     3.5      6.2      7.1      1.9      1.9      3.4
* Charlotte-Gastonia-Rock Hill, NC-SC.....     6.5      5.7      6.1      6.7      7.2      5.9
**Chicago, IL.............................     6.8      6.1      6.8      6.4      6.4      6.6
**Cincinnati, OH-KY-IN....................     6.6      6.9      6.1      7.3      7.3      6.3
**Cleveland-Lorain-Elyria, OH\2...........     5.3      5.3      5.4      6.4      6.4      7.8
**Columbus, OH............................     6.7      8.5      7.5      7.7      8.1      5.0
**Dallas, TX..............................    17.2     16.2     17.9     14.4     14.6     12.3
* Dayton-Springfield, OH..................     5.3      6.5      4.9      5.6      5.6      5.0
  Denver, CO..............................     8.4     11.0     12.3     12.9     12.9      8.9
  Detroit, MI.............................     5.0      7.6      8.5      7.5      7.5      7.6
**Fresno, CA..............................      NA       NA       NA       NA       NA       NA
* Ft. Lauderdale, FL\3....................     9.8     12.2     10.9     11.0     11.5      8.0
**Ft. Worth-Arlington, TX.................    16.1     14.2     13.6     11.6     11.6      8.9
**Grand Rapids-Muskegon-Holland, MI.......      NA       NA       NA       NA       NA       NA
**Greensboro-Winston Salem-High Point, NC.     7.8      6.1      9.0      7.9      7.9      7.9
**Greenville-Spartanburg-Anderson, SC.....      NA       NA       NA       NA       NA       NA
* Hartford, CT............................     3.7      6.1      7.1      8.2      8.2     11.2
  Honolulu, HI............................     5.0      5.5      4.1      5.1      5.1      3.8
**Houston, TX.............................    18.0     18.3     14.4     12.3     12.5      9.6
**Indianapolis, IN........................     7.1      9.1      8.9      5.4      5.4      6.1
  Jacksonville, FL........................    11.1     12.4     11.6     12.8     13.3      9.5
**Kansas City, MO-KS......................    12.5     11.7      8.8      7.5      8.1      9.9
**Las Vegas, NV...........................      NA       NA       NA       NA       NA       NA
* Los Angeles-Long Beach, CA..............     3.5      4.4      5.5      5.8      5.8      6.2
**Louisville, KY-IN.......................    15.9     17.8     11.5     11.7     11.7      7.5
**Memphis, TN-AR-MS.......................     5.9      5.5      8.3      8.9      8.9     10.2
* Miami, FL\4.............................     8.5      8.9      9.3      4.7      4.7      6.3
* Middlesex-Somerset-Hunterton, NJ........     2.9      4.0      3.3      4.0      4.0      5.2
  Milwaukee-Waukesha, WI\5................     3.1      2.8      2.0      2.5      2.5      3.6
**Minneapolis-St. Paul, MN-WI.............     3.9      5.3      6.5      6.3      6.3      6.5
* Monmouth-Ocean, NJ......................     3.2      2.9      4.0      5.9      5.9      8.3
  Nashville, TN...........................     5.3      8.0      8.4     10.3     11.2     11.3
* Nassau-Suffolk, NY......................     3.9      6.3      7.4      6.9      6.9      6.5
**New Orleans, LA.........................    12.8     16.5     15.3     12.9     12.9     13.8
  New York, NY............................     2.5      2.4      2.8      3.3      3.3      4.7
**Newark, NJ..............................     4.3      4.6      4.3      4.9      4.9      4.1
**Norfolk-Virginia Beach-Newport News, VA.     7.5     12.5     11.2      9.1      9.1      9.2
* Oakland, CA.............................     5.9      5.5      7.8      7.2      7.2      6.3
  Oklahoma City, OK.......................    21.1     23.6     17.8     18.0     18.0     22.6
**Omaha, NE-IA............................      NA       NA       NA       NA       NA       NA
* Orange County, CA\6.....................     2.5      3.8      7.3      6.5      6.5      4.8
**Orlando, FL.............................    12.2     11.6     11.8      9.5     10.1     10.1

Table 5.  Rental Vacancy Rates for the 75 Largest Metropolitan Areas:  1986 to 1998 - Continued


                                              1986     1987     1988     1989   1989/r     1990

**Philadelphia, PA-NJ.....................     4.5      4.6      6.3      7.1      7.1      9.6
**Phoenix-Mesa, AZ\7......................    13.2     13.8     12.3     11.6     11.6     10.3
**Pittsburgh, PA..........................    10.1      9.3      9.3      8.3      8.3      8.3
**Portland-Vancouver, OR-WA\8.............     5.3      5.3      5.0      2.7      2.7      3.3
* Providence-Fall River-Pawtucket, RI-MA..     4.3      4.6      5.0      8.7      8.7      9.4
**Raleigh-Durham-Chapel Hill, NC..........      NA       NA       NA       NA       NA       NA
  Richmond-Petersburg, VA.................     8.3      3.9      7.9      5.6      5.6      5.3
**Rochester, NY...........................     4.3      5.8      9.1      4.8      4.8      5.6
  Sacramento, CA..........................    10.2      8.7      5.9      8.0      8.0      7.4
* Salt Lake City-Ogden, UT................    10.6     11.9     12.0     11.2     11.2      7.8
**San Antonio, TX.........................    13.9     17.8     16.6     12.9     13.2     11.7
* San Bernardino-Riverside, CA............     7.5      7.9     10.1     10.3     10.3      9.9
* San Diego, CA...........................     5.4      6.2      8.5      6.6      6.6      6.9
  San Francisco, CA.......................     4.6      4.9      3.5      2.8      2.8      4.2
* San Jose, CA............................     4.6      4.0      5.0      3.3      3.3      4.6
**Scranton-Wilkes-Barre-Hazelton, PA......      NA       NA       NA       NA       NA       NA
**Seattle-Bellevue-Everett, WA\9..........     3.1      4.7      4.1      5.7      5.7      3.1
**St. Louis, MO-IL........................     6.6      6.9      7.6      8.9      8.9     10.7
**Syracuse, NY............................      NA       NA       NA       NA       NA       NA
  Tampa-St Petersburg-Clearwater, FL......    14.7     11.3     13.3     11.0     11.3     10.4
  Tucson, AZ..............................      NA       NA       NA       NA       NA       NA
  Tulsa, OK...............................      NA       NA       NA       NA       NA       NA
  Ventura, CA.............................      NA       NA       NA       NA       NA       NA
**Washington, DC-MD-VA-WV\10..............     3.7      4.8      4.6      5.8      5.8      6.7
  West Palm Beach-Boca Raton, FL..........      NA       NA       NA       NA       NA       NA

Table 5.  Rental Vacancy Rates for the 75 Largest Metropolitan Areas:  1986 to 1998 - Continued


                                              1991     1992     1993   1993/r     1994     1995

  Inside Metropolitan Areas                    7.5      7.4      7.6      7.5      7.3      7.6

  Akron, OH...............................      NA       NA       NA       NA      4.7      5.6
**Albany-Schenectady-Troy, NY.............    12.7      7.1      6.1      6.1      9.7     10.2
**Atlanta, GA.............................    12.9     11.2      9.6      9.3      6.1      9.8
**Austin-San Marcos, TX...................      NA       NA       NA       NA      7.2      4.8
  Baltimore, MD...........................     7.4      7.0      8.5      8.5      8.9      6.4
* Bergen-Passaic, NJ......................     6.4      6.0      5.7      5.5      2.8      2.6
**Birmingham, AL..........................     4.4      5.5      6.6      6.6      4.9      9.9
**Boston, MA-NH\1.........................     7.2      7.0      6.6      6.5      5.6      5.4
  Buffalo, NY.............................     6.3      7.5      5.4      5.4      7.7      8.5
* Charlotte-Gastonia-Rock Hill, NC-SC.....     8.9      9.3      5.7      5.6      6.2      4.2
**Chicago, IL.............................     7.3      8.4      7.3      7.3      8.2      7.9
**Cincinnati, OH-KY-IN....................     3.8      5.7      7.1      7.0      7.0      6.6
**Cleveland-Lorain-Elyria, OH\2...........     6.9      7.3      9.6      9.4      8.0      8.3
**Columbus, OH............................     6.3      6.3      7.2      7.1      6.9      7.4
**Dallas, TX..............................    10.7      9.0     10.7     10.6      8.4      7.4
* Dayton-Springfield, OH..................     4.5      6.6      7.6      7.4      6.8     11.1
  Denver, CO..............................     6.3      5.0      4.9      4.6      4.5      4.9
  Detroit, MI.............................     7.4      8.7      9.7      9.6      9.8      9.0
**Fresno, CA..............................      NA       NA       NA       NA     13.1      8.5
* Ft. Lauderdale, FL\3....................     8.2      6.4      6.3      6.4      7.3      7.4
**Ft. Worth-Arlington, TX.................     8.7      9.3      9.1      9.0      7.9      7.6
**Grand Rapids-Muskegon-Holland, MI.......      NA       NA       NA       NA     13.5      9.6
**Greensboro-Winston Salem-High Point, NC.     6.9      8.5      6.4      6.3      6.7      5.0
**Greenville-Spartanburg-Anderson, SC.....      NA       NA       NA       NA      5.7      3.6
* Hartford, CT............................     5.0      6.9      9.0      8.8      6.8      8.8
  Honolulu, HI............................     3.8      3.4      3.9      3.9      5.0      5.4
**Houston, TX.............................    11.9     11.7     12.0     11.8      8.5     10.2
**Indianapolis, IN........................     6.4      9.5      9.8      9.7      3.5      6.3
  Jacksonville, FL........................     9.1     10.8      8.1      8.3      6.5      5.9
**Kansas City, MO-KS......................    12.3     10.8     13.2     13.1     11.8     14.0
**Las Vegas, NV...........................      NA       NA       NA       NA      6.5      7.3
* Los Angeles-Long Beach, CA..............     6.7      8.2      9.5      9.5      8.7      9.7
**Louisville, KY-IN.......................    10.7      9.3     15.3     15.2      9.5      5.6
**Memphis, TN-AR-MS.......................    10.8     10.2      7.5      7.4      6.8      8.8
* Miami, FL\4.............................     6.6      6.0      3.6      3.5      4.6      5.7
* Middlesex-Somerset-Hunterton, NJ........     7.4      7.8      7.7      7.5      4.6      5.5
  Milwaukee-Waukesha, WI\5................     6.2      5.0      5.5      5.4      5.7      6.2
**Minneapolis-St. Paul, MN-WI.............     6.7      5.5      5.2      5.2      4.7      4.9
* Monmouth-Ocean, NJ......................    16.2      8.4      6.8      6.7      6.2      2.1
  Nashville, TN...........................     8.8      4.3      4.9      4.9      2.7      4.2
* Nassau-Suffolk, NY......................     6.2      4.6      5.6      5.5      4.2      4.9
**New Orleans, LA.........................    10.3      6.7      6.7      6.6      8.4      5.9
  New York, NY............................     5.1      5.5      5.0      4.9      5.1      5.2
**Newark, NJ..............................     6.4      7.7      8.8      8.7      9.1     10.8
**Norfolk-Virginia Beach-Newport News, VA.    16.2     10.1     10.4     10.5     12.9      9.3
* Oakland, CA.............................     4.6      5.1      4.5      4.5     10.8      8.2
  Oklahoma City, OK.......................    15.5     15.0     21.2     21.2     14.4     11.8
**Omaha, NE-IA............................      NA       NA       NA       NA      7.4      5.8
* Orange County, CA\6.....................     5.8      6.8      8.6      8.6      7.3      7.1
**Orlando, FL.............................    11.2     14.4     10.7     10.8     13.1      9.1

Table 5.  Rental Vacancy Rates for the 75 Largest Metropolitan Areas:  1986 to 1997 - Continued


                                              1991     1992     1993   1993/r     1994     1995

**Philadelphia, PA-NJ.....................    11.9      8.7     12.3     12.4     11.0     10.8
**Phoenix-Mesa, AZ\7......................     9.6      9.2      7.6      7.3      7.7      6.6
**Pittsburgh, PA..........................     4.9      7.1      5.1      5.1      5.4      4.7
**Portland-Vancouver, OR-WA\8.............     6.5      5.6      6.6      6.6      2.7      2.8
* Providence-Fall River-Pawtucket, RI-MA..     8.9      8.5      8.7      8.8      6.5      6.8
**Raleigh-Durham-Chapel Hill, NC..........      NA       NA       NA       NA      6.2      8.1
  Richmond-Petersburg, VA.................    14.7     15.8     10.1     10.0      7.6     10.8
**Rochester, NY...........................     3.7      3.6      7.8      7.7      6.0      8.4
  Sacramento, CA..........................     8.4      8.5     10.3     10.6     10.2     12.0
* Salt Lake City-Ogden, UT................     3.6      2.6      2.9      2.7      2.2      4.7
**San Antonio, TX.........................     7.6      6.0      3.5      3.4      4.1      5.5
* San Bernardino-Riverside, CA............     8.9      8.6     10.3     10.3     10.4      8.7
* San Diego, CA...........................     6.3      8.3      7.8      7.8      6.4      8.7
  San Francisco, CA.......................     3.3      4.1      5.8      5.9      3.9      5.4
* San Jose, CA............................     3.9      9.4      7.3      7.3      4.3      2.9
**Scranton-Wilkes-Barre-Hazelton, PA......      NA       NA       NA       NA      7.5      6.4
**Seattle-Bellevue-Everett, WA\9..........     5.4      5.3      6.4      6.2      8.3      7.3
**St. Louis, MO-IL........................    12.8     10.0      7.8      7.8      7.8      5.6
**Syracuse, NY............................      NA       NA       NA       NA      7.2     12.7
  Tampa-St Petersburg-Clearwater, FL......    10.6      8.8      9.0      9.1      8.3      6.4
  Tucson, AZ..............................      NA       NA       NA       NA      7.7      3.5
  Tulsa, OK...............................      NA       NA       NA       NA      4.6      7.9
  Ventura, CA.............................      NA       NA       NA       NA      6.3      6.5
**Washington, DC-MD-VA-WV\10..............     7.9      8.8      8.4      8.0      8.6      8.3
  West Palm Beach-Boca Raton, FL..........      NA       NA       NA       NA      9.4      6.8

Table 5.  Rental Vacancy Rates for the 75 Largest Metropolitan Areas:  1986 to 1997 - Continued


                                              1996     1997     1998

  Inside Metropolitan Areas                    7.7      7.5      7.7

  Akron, OH...............................     6.3      6.3      4.8
**Albany-Schenectady-Troy, NY.............    16.1     12.1     20.4
**Atlanta, GA.............................    10.5     10.2      9.6
**Austin-San Marcos, TX...................     8.8      8.4      9.3
  Baltimore, MD...........................     7.1     10.7      6.0
* Bergen-Passaic, NJ......................     1.9      2.2      2.9
**Birmingham, AL..........................     8.6      8.9     14.5
**Boston, MA-NH\1.........................     5.9      4.0      4.1
  Buffalo, NY.............................    16.5     15.4     16.8
* Charlotte-Gastonia-Rock Hill, NC-SC.....     4.5      8.8     10.4
**Chicago, IL.............................     7.9      8.2      7.8
**Cincinnati, OH-KY-IN....................     7.8     10.3     11.5
**Cleveland-Lorain-Elyria, OH\2...........     8.4     10.1     10.3
**Columbus, OH............................     9.4      8.1      7.9
**Dallas, TX..............................     8.9      6.8      5.9
* Dayton-Springfield, OH..................    10.6     11.6     10.9
  Denver, CO..............................     5.2      2.4      4.0
  Detroit, MI.............................     8.8      7.2      7.4
**Fresno, CA..............................    10.9     10.1     10.6
* Ft. Lauderdale, FL\3....................     8.6      9.3      5.7
**Ft. Worth-Arlington, TX.................     5.6      6.9      6.8
**Grand Rapids-Muskegon-Holland, MI.......    15.6     13.6      6.2
**Greensboro-Winston Salem-High Point, NC.     3.3      7.9      6.3
**Greenville-Spartanburg-Anderson, SC.....     9.9      9.8     13.4
* Hartford, CT............................     8.1      9.0     13.2
  Honolulu, HI............................     4.7      6.4      6.3
**Houston, TX.............................     8.0      9.8      9.6
**Indianapolis, IN........................     6.8     10.3     10.5
  Jacksonville, FL........................     7.2      5.8      6.8
**Kansas City, MO-KS......................     7.9      6.8      7.5
**Las Vegas, NV...........................     7.4      6.3      9.4
* Los Angeles-Long Beach, CA..............     8.7      8.0      6.9
**Louisville, KY-IN.......................     4.1      3.7      7.9
**Memphis, TN-AR-MS.......................     5.9      3.3      6.6
* Miami, FL\4.............................     8.3     10.0      9.8
* Middlesex-Somerset-Hunterton, NJ........     6.1      2.6      3.5
  Milwaukee-Waukesha, WI\5................     7.4      8.4      8.9
**Minneapolis-St. Paul, MN-WI.............     3.9      3.9      3.9
* Monmouth-Ocean, NJ......................     2.5      4.3      4.2
  Nashville, TN...........................     3.9      6.6      5.4
* Nassau-Suffolk, NY......................     5.1      4.3      4.9
**New Orleans, LA.........................     6.8      9.3     12.3
  New York, NY............................     5.5      5.2      5.0
**Newark, NJ..............................    11.4      6.2      3.7
**Norfolk-Virginia Beach-Newport News, VA.     6.5      5.7      7.6
* Oakland, CA.............................     6.8      4.4      6.0
  Oklahoma City, OK.......................    10.7     10.0     12.2
**Omaha, NE-IA............................     7.2      5.1      7.9
* Orange County, CA\6.....................     5.9      6.2      4.4
**Orlando, FL.............................    11.0      6.5      4.7

Table 5.  Rental Vacancy Rates for the 75 Largest Metropolitan Areas:  1986 to 1997 - Continued


                                              1996     1997     1998

**Philadelphia, PA-NJ.....................    10.0     11.4     10.3
**Phoenix-Mesa, AZ\7......................     8.0      6.3      7.4
**Pittsburgh, PA..........................     8.7     10.3     10.4
**Portland-Vancouver, OR-WA\8.............     5.2      5.2      7.7
* Providence-Fall River-Pawtucket, RI-MA..     7.1      6.9      5.7
**Raleigh-Durham-Chapel Hill, NC..........    10.0     11.9     15.3
  Richmond-Petersburg, VA.................    10.1      7.5      5.2
**Rochester, NY...........................     6.7      7.1      6.8
  Sacramento, CA..........................     8.1      5.0      4.9
* Salt Lake City-Ogden, UT................     4.6      5.4      6.4
**San Antonio, TX.........................     7.0      7.1      6.6
* San Bernardino-Riverside, CA............     8.6      9.3      9.2
* San Diego, CA...........................     6.0      5.1      5.1
  San Francisco, CA.......................     3.1      1.7      2.5
* San Jose, CA............................     1.8      2.0      2.2
**Scranton-Wilkes-Barre-Hazelton, PA......     9.2     14.6      7.5
**Seattle-Bellevue-Everett, WA\9..........     7.1      3.4      2.6
**St. Louis, MO-IL........................     5.9      7.8     10.3
**Syracuse, NY............................    13.6     12.2     14.8
  Tampa-St Petersburg-Clearwater, FL......     7.4      6.2      7.1
  Tucson, AZ..............................    10.3     10.0      6.3
  Tulsa, OK...............................     7.7      8.6      6.8
  Ventura, CA.............................     5.4      2.1      4.2
**Washington, DC-MD-VA-WV\10..............     8.8      8.1      8.3
  West Palm Beach-Boca Raton, FL..........    10.0     14.8     11.8

Data from 1986 to 1994 are based on 1980 metropolitan/nonmetropolitan definitions,
while 1995  and later data are based on 1990 metropolitan/nonmetropolitan definitions.
See Source and Accuracy section for explanation.

rRevised.

*  Boundaries did not change as a result of the 1990 Decennial Census of Population
   and Housing; one or more central city/cities added or deleted.
** Boundaries changed as a result of the 1990 Decennial Census of Population
   and Housing; one or more county/counties added or deleted.
NA Not Available

\1  Formerly titled Boston, MA.
\2  Includes former Lorain-Elyria, OH PMSA
\3  Formerly titled Fort Lauderdale-Hollywood-Pompano Beach, FL.
\4  Formerly titled Miami-Hialeh, FL.
\5  Formerly titled Milwaukee, WI.
\6  Formerly titled Anaheim-Santa Ana, CA.
\7  Formerly titled Phoenix, AZ.
\8  Formerly titled Portland, OR.
\9  Formerly titled Seattle, WA.
\10 Formerly titled Washington, DC-MD-VA.

Source: U.S. Census Bureau