Employment at the GM plant was 2,800 in early 2008.
Janesville's rental vacancy rate a worry. (Janesville Gazette, 8/29/2011)
Excerpt: Janesville's 12 percent rental vacancy rate shows the city has more rental units than it needs, a city official said.
"I think certainly anytime we exceed 10 percent, we're getting into an area where the supply is exceeding the local demand," said Duane Cherek, manager of city planning services.
The rental vacancy rate is up from 7.4 percent in 2000, according to census data.
Among all the city's nearly 28,000 housing units—rental and owner-occupied—2,168, or 7.7 percent, were vacant in 2010, up from 4.7 percent a decade ago, according to census data.
Local experts agree that the increase in rental vacancy is a matter of economics, and they offered theories that can't easily be quantified.
More single-family homes might be on the rental market because of the owners' economic circumstances, Cherek said.
Of which this is a factor.
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