High vacancy rates continue to put a damper on commercial borrowing, agrees Samuel Miller, co-chairman and treasurer of Cleveland, Ohio - based Forest City Enterprises.
Not exact matches
Should attrition
continue at a
higher rate than expected and result in job
vacancies in departments in which teachers were laid off, Martinez said the district would welcome terminated teachers to apply for the
vacancies.
With a lower
vacancy rate that looks to be
continuing downward, one can not help but wonder: why has rent growth for the unit - lease subtype underperformed its
higher -
vacancy counterpart?
«In the
high - risk,
high - yield markets, where unemployment and
vacancy rates are
higher than national averages, the average return was a whopping 19 percent, actually up from a year ago thanks to a strong increase in rental
rates,» Blomquist
continued.
Nashville's stellar annual job growth (3.44 percent, seventh -
highest in the U.S.), moderately low
vacancy rate (4.80 percent, almost 30 percent lower than the national average), and even lower median age of housing inventory (a mere 42 days, 33 percent lower than the national average) also highlight how exceptionally strong the demand for Nashville housing currently is and will likely
continue to be for many quarters to come.
Meanwhile, the national
vacancy rate continued to march upward, rising 20 basis points during the first quarter up to 7.7 percent, its
highest rate in more than a decade.
Vacancy rates are approximately 50 basis points below their peak but still 60 basis points
higher than their 10 - year average, so it is still a tenant's market and should
continue to be through 2013.
Canada's office market is well positioned going into the projected recession, thanks to its strong performance during recent years that drove
vacancy rates down to historically low levels and
continued to drive rents
higher through 2008, says an analysis by Colliers International.
«Commercial real estate in B.C.
continues to remain strong despite low
vacancies,
higher rental
rates and economic pressure,» says Sheldon, a Realtor for over 16 years and past - chair of the Fraser Valley Real Estate Board's Commercial Division.
As long as demand grows
higher than supply,
vacancy rates continue to fall and the expansion
continues.
Regional malls, where department stores typically book - end smaller specialty stores,
continued to improve in the first quarter, but top - tier malls drove the lower
vacancy rate and
higher asking rents.
Across Fairfield County, the office market
continues to struggle with
high vacancy rates.
Office property istings in major U.S. cities are beginning to surge as values rise, while suburban office markets
continue to suffer from
high vacancy rates.