Sentences with phrase «effective rents rose»

Effective rents rose 0.7 % in the second quarter compared with 1.5 % in the first quarter.

Effective rents rose in 82 metro areas in the first quarter, according to Reis.

Reis found that asking and effective rents rose just 0.6 percent in the fourth quarter and 1.8 percent year - over-year, which is the weakest rent growth since the recovery started in 2011.

Moreover, asking and effective rents rose by 1.1 percent and 1.0 percent, respectively, which represents the fastest rate of growth in both categories since the recession began in early 2008.

Reflecting landlords» ability to offer fewer perks to lure tenants, such as months of free rent, the average effective rent rose 0.9 percent, to $ 1,041 per month.

Stripping away months of free rent and other perks designed to lure or retain tenants, effective rent rose to $ 1,018 per month, up 0.9 percent, the largest increase since the first quarter 2008, Reis said.

Not exact matches

Effective rents, or what tenants pay after landlord incentives such as a free month are included, rose to $ 22.72 per square foot from $ 22.66 in the first quarter and $ 22.27 a year earlier, Reis said.

Conditions in the office market continued to be soft over the first half of the year, with the national vacancy rate rising and effective office rents declining.

The average effective rent also shows positive growth over the past year, rising 1.6 % from $ 964 per unit in 2009 to $ 980 in the third quarter of 2010, according to Reis.

Key takeaways included: 1) The permanent shift towards experiential retail with a clear focus on experiencing a brand's culture and community, as well as testing and touching products before buying them; 2) the rise of shared office spaces stemming from new work habits which have created a market for office space which isn't owned by an employer, but that workers can rent or subscribe to as members; 3) the importance of predictive investment analytics has created greater access to data and data tools that can help practitioners track with and get ahead of markets trends; 4) the increasing need to focus on more responsible and effective land use as it becomes an increasingly precious commodity; 5) the rise of automation in the transportation industry which is driving a need for nimbler supply chains connecting scalable manufacturing spaces and warehouses in the industrial sector.

Despite high vacancy rates in a large part of the country, both asking and effective rents are rising.

While this represents a slight slowdown from the prior quarter's growth rate of 0.8 percent for both asking and effective rents, it is well above the quarterly average of about 0.4 percent since rents began rising consistently in the fourth quarter of 2010.

While average effective rent growth will hit a recent low of 2.3 % this year, it is expected to rise to 3.2 % in 2018 and 4.1 % in 2019 before moderating back to 3.2 % in 2020 and 2.6 % in 2021.

As residents continue to rebuild from the devastation of Hurricane Harvey in late August, Houston's annual effective rent growth was 4.2 % in October, some 138 bps higher than October's 2.8 % and a whopping 797 - bps rise from the -3.8 % of November 2016.

Australia's leading office market, Sydney CBD, has experienced a significant rise in net effective rents across both prime and secondary buildings.

Meanwhile, effective rents in the office sector are still rising, albeit at a slower pace.

The average asking and effective rents both rose 0.3 percent, as demand just barely exceeded the 914,000 square feet of new space made available.

Effective rent, which factors in months of free rent and other perks landlords offer to keep or attract tenants, rose 0.4 percent to $ 16.75 per square foot, up just 1.1 percent year over year.