However, vacancy increases were greatest in areas with slow economic growth over the last year. With marginal economic growth, one would expect these rental markets to respond more slowly in filling vacancies created by households upgrading to homeownership. The 1999 Annual Rental Market Survey asked landlords throughout the state about rental cost, utility type, and vacancy status of 20,000 single-family and apartment units. Seven of the 10 rental markets surveyed reported increases in vacancies. Sitka and Wrangell-Petersburg reported drops in their vacancy rates.
Renters continue to pay a premium for single-family homes.
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