There is not widespread vacancy. Aggregate vacancy rates are at all-time lows statewide. There may be small jurisdictions with exceptional vacancy rates but if you are going to claim them please bring some hard evidence so we can evaluate the claims.

In my city NIMBYs are always making shit up about vacant buildings but it never turns out to be objectively true. One of their favorite targets that they always point to as "vacant luxury towers" is in reality 97% occupied. So, please don't throw out vacancy trutherism unless you are prepared to back it up.