Sentences with phrase «apartment vacancies increased»

When the number of foreclosures skyrocketed in the mid and late 2000s, apartment vacancies increased.

Not exact matches

Vacancies for apartments in inner Melbourne and Sydney have stabilised at a relatively high level, and vacancy rates for newly completed apartments have increased sharply in recent months.

The reform effort is focusing on two key priorities: Enacting Kavanagh's bill to repealing the «vacancy bonus» landlords receive in increased rents when tenants leave, and reforming the so - called «preferential rent» (AKA «bait - and - switch») provisions that allow landlords to raise rents dramatically after tenants are occupying an apartment.

Even though only about 13 percent of rent - stabilized apartments turn over each year, a report released on Tuesday by the antipoverty group Community Service Society of New York argued that the vacancy allowance, which has been in place since 1969, is so high that it contributes more to the overall rise in stabilized rents than the annual increases.

The to - do list read something like this: close the preferential rent loophole; make rent increases for major capital improvements temporary; reduce the vacancy bonus; limit a building owner's ability to recover a rent - regulated apartment for personal use; and reforming the Rent Guidelines Board.

Court of Appeals Chief Judge Janet DiFiore wrote in her decision that state law makes it clear the vacancy rent increase should be counted when figuring if an apartment has reached the deregulation threshold.

An increase in the rent threshold at which apartments become market - rate, indexed to rise each year, is a step forward, but it only slows the bleeding — and is well short of de Blasio's target, ending vacancy decontrol completely.

Entitled, «The New Housing Emergency,» the report (in full below) says loopholes in the city's current rent - stabilization rules — like vacancy decontrol and rent increases due to renovations — result in the loss of more than 10,000 rent - regulated apartments per year.

Among those alleged «loopholes» are vacancy decontrol — which lets landlords to remove a unit from the rent stabilization program if the tenant dies or relocates — major capital improvement rules, which allows for permanent rent increases to pay for renovations and the preferential rent system, which permits landlords to charge a tenant less than the legally regulated rate for an apartment.

It also would slightly increase the rent threshold at which apartments that become vacant can be removed from rent regulation, a process known as vacancy decontrol.

S. 1593 will take away a landlord's ability to increase the rent of a rent regulated apartment by 20 % upon vacancy.

The bill would increase the vacancy decontrol threshold — the point at which empty apartments can go to market - rate rent — from $ 2,500 to $ 2,700.

De Blasio has proposed changes including ending «vacancy decontrol,» which allows an apartment to become market - rate after the rent passes $ 2,500, and making rent increases from renovation costs temporary instead of permanent.

In addition, the bill limits vacancy bonuses — the amount landlords can increase rents between tenants — on apartments that have something known as «preferential rents.»

While the bill will be sent to the Republican - led state senate for consideration, Heastie hailed the legislation as combating «ever - increasing rents» through measures that include the repeal of vacancy decontrol and limiting rent increases associated with building or apartment improvements.

That actually has eased the rental market somewhat, and increased the vacancy rate slightly which makes it easier to find an apartment in Chandler.

With the vacancy rate in the Greater Toronto Area falling to a tight 2.1 per cent and competition increasing daily for available units, Re / Max Commercial Advisors has launched an Apartment Advisors group.

But the report says that despite the increase in vacancy rates, rents rose in 2004, with the highest increases for two bedroom apartments at 2.3 per cent.

«The past few years have been booming in Atlanta, but with the technology decline there has been a noticeable increase in office vacancy rates; the apartment occupancy rates have been touched by the decrease in the number of jobs created each year; all of which are affecting the retail market.»

New apartment complexes have been built all over the nation to provide more housing, and due to this high demand for rental properties and lower vacancy rates, rent costs have increased.

; • Vacancy rates are expected to drop in a range of between 1.2 and 3.7 percentage points for office, retail, and industrial properties and remain stable at low levels for apartments; while hotel occupancy rates will likely rise; • Rents are expected to increase for all property types, with 2012 increases ranging from 0.8 percent for retail up to 5.0 percent for apartments.

The current job situation combined with the lowest apartment vacancy rates in recent history and increasing rents nationwide make it more important for recent grads to evaluate their prospective career and living opportunities on a holistic level.

Some residents may not be able to afford another rent increase and may consider moving, even though the vacancy rate for SFRs continues to be low, with little competition from for - sale homes, rental apartments or other rental houses.

Low apartment vacancies and increasing rents are improving the market for the construction of new multifamily complexes, such as Fountainhouse in Sparks.

Apartments — Vacancy rates are expected to increase slightly to 4.8 percent in 2016 and 5.0 percent in 2017; however, these forecasts remain below the 20 - year average vacancVacancy rates are expected to increase slightly to 4.8 percent in 2016 and 5.0 percent in 2017; however, these forecasts remain below the 20 - year average vacancyvacancy rate.

A quarterly look at the industry's performance, including vacancy rates, rent increases, apartment starts, employment growth and apartment sales prices.