Not exact matches
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.
In the third quarter, the
national vacancy rate for shopping centers reached 8.4 %, an increase of 110 basis points
over the same period a year earlier, according to real estate research firm Reis.
Canada's suburban markets kept pace with downtown markets as the
national suburban
vacancy rate tumbled 230 bps
over the past 12 months to reach 9.8 per cent at the end of June 2011.
The
national vacancy rate for the office sector fell to 16.8 percent in the second quarter, a 10 basis point decline
over the first quarter of the year.
«The
vacancy rate for class - A, urban apartments is up a little
over the last six months,» says John Sebree director of Marcus & Millichap's
national multi housing group.
National office
vacancy rates are forecast to slightly decrease 0.1 percent
over the coming year as improved hiring increases the demand for office space.
National office
vacancy rates are forecast by Realtors ® to retreat 1.1 percent to 12.1 percent
over the coming year as job growth in business and professional services brings increased need for office space.
National office
vacancy rates are forecast to remain unchanged
over the coming year, mostly due to added inventory entering the market.