Tuesday, February 17, 2009

America's Emptiest Cities


According to FORBES magazine, vacancy rates in these spots spell lots of empty neighborhoods.
Call it a modern-day tale of two cities. For decades, Las Vegas, ripe with new construction and economic development, burgeoned into a shimmering urban carnival. Detroit, once the fulcrum of American industry, sagged and rusted under its own weight. These days, it's the worst of times for both. Las Vegas edged Detroit for the title of America's most abandoned city.

Atlanta came in third, followed by Greensboro, N.C., and Dayton, Ohio. Our rankings, a combination of rental and homeowner vacancy rates for the 75 largest metropolitan statistical areas in the country, are based on fourth-quarter data released Feb. 3 by the Census Bureau. Each was ranked on rental vacancies and housing vacancies; the final ranking is an average of the two.
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