In one year, Grand Junction went from having the lowest rental housing vacancy rate of any metropolitan area in Colorado to having the highest.
The vacancy rate leapt from 3.1 percent in the fourth quarter of 2008 to 13.2 percent in the fourth quarter of 2009 in Grand Junction. Three-bedroom rentals had the highest vacancy rate, 23.8 percent, followed by two-bedroom, one-bathroom rentals, 13.4 percent; one-bedrooms, 12.9 percent; two-bedroom, two-bathroom, 11.8 percent; and efficiencies, 7 percent.
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