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27 Sep, 2022
Analysis | Latest
How will Q3 occupancy rates fare for Q2’s top regions?
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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With Q3 2022 coming to a close soon the public REITs will release their earning data including information regarding their Q3 occupancy rates. In Q2 2022, the top three regions with the highest occupancy rates were:

The West Pacific region which includes California, Oregon, Washington, as well Alaska and Hawaii had an occupancy rate of 95.7%.

The South Atlantic region which encompasses Delaware, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, West Virginia, and the District of Columbia had an occupancy rate of 95.6%.

The East North Central region including Illinois, Indiana, Michigan, Ohio, and Wisconsin had an occupancy rate of 95.3%.

Given the high occupancy rates for these 3 regions, it will be interesting to see where their rates go for the next quarter.