by Calculated Risk on 10/09/2009 11:15:00 PM

Since this was a busy week for commercial real estate data. Here is a summary:

From Bloomberg: U.S. Office Vacancies Reach Five-Year High of 16.5%, Reis Says

Click on graph for larger image in new window.

This graph shows the office vacancy rate starting in 1991.

Reis is reporting the vacancy rate rose to 16.5% in Q3 from 15.9% in Q2. The peak following the previous recession was 17%.

From Reuters: US apartment vacancy rate hits 23-year high-report

Note: the Reis numbers are for cities. The overall vacancy rate from the Census Bureau was at a record 10.6% in Q2 2009.

From Reuters: Shopping center vacancy rate hits 17-year high: report

Reis reports the strip mall vacancy rate hit 10.3% in Q3 2009; the highest vacancy rate since 1992.

And rents are cliff diving ...

"[W]e do not foresee a recovery in the retail sector until late 2012 at the earliest."
Victor Calanog, Reis director of research

Hotel Occupancy: Two Year Slump

And a couple of articles:

From the LA Times: Hotel defaults, foreclosures rise in California

From the WSJ: Fed Frets About Commercial Real Estate