He says, "No region is immune from the downturn, but some markets are more vulnerable than others. Traditional measures of what regions may be troubled look simply at vacancy rates as a measure of distress.
"Yet there are other forces at work. Below is a list of 63 metropolitan markets ranked in order of how likely they are to produce distressed assets in the coming years. We measured and indexed the following factors:
-Current vacancy rate
31. Greensboro / Winston-Salem 32. Northern New Jersey 33. Hartford 34. Nashville 35. Pittsburgh 36. Tulsa 37. Madison 38. Richmond 39. Toledo 40. Cleveland
51. Miami-Dade County 52. Los Angeles 53. Washington 54. Boston 55. Minneapolis 56. East Bay / Oakland 57. Baltimore 58. Orange County 59. South Bay/San Jose 60. San Diego