The movement out of rental accommodation into homeownership continued in 2004 and the
average apartment vacancy rate for major urban centres rose from 2.2 to 2.7 per cent.
This sounds like it's good for the economy, but both unemployment rates and
apartment vacancy rates need to be carefully balanced.
For example, the
national apartment vacancy rate in the top 50 U.S. markets rose to 6.8 % in the second quarter of this year from 5.9 % during the same period a year ago, according to Reis Inc., a New York - based research firm.
San Diego had the second -
lowest apartment vacancy rate in the country at about 2.4 percent in the fourth quarter, according to property - research firm Reis Inc..
According to Reis Inc., a commercial real estate research firm, U.S.
apartment vacancies dropped to an average 4.7 percent and rent prices rose 1.3 percent during the second quarter of 2012.
Areas of the country
where apartment vacancy rates are especially low are New York City and San Diego; cities where vacancy rates remain high are Houston and Memphis, Tenn..
Here's how development opportunities look in the metro areas with the lowest
current apartment vacancy rates, according to market analysts and economists from property management software provider RealPage, data firm Yardi Matrix and brokerage firm Marcus & Millichap.
Apartment vacancies dipped in 72 of the 82 markets Reis tracked during the April - through - June period, dropping the U.S. vacancy rate to 6 percent.
On average,
apartment vacancies fall below 5 percent in the first quarter in the U.S. — the strongest vacancy rate since late 2001.
CMHC also said in its fall rental market survey that the average
rental apartment vacancy rate for Canada increased slightly to 2.8 per cent from 2.7 per cent in October of 2013.
Vancouver's Burrard Peninsula, for instance, has a rate of 5.8 per cent while Toronto's core is at 4.3 per cent, according to the numbers unveiled for the first time by CMHC, in its latest report on rental
apartment vacancy rates.
This morning's release on
the apartment vacancy rate and median asking rents was a true «Holy Cr*p!»
Meanwhile
the apartment vacancy rate declined back to its generational low:
This list rewards communities that already have a strong immigrant population, employment opportunities, reasonable rental rates and
apartment vacancies, considerations for any person looking to call Canada home.
Apartment vacancy has also been on the decline.
That's important because Denver has its lowest
apartment vacancy rate ever, at around four percent.
According to real estate marketing information provider Reis, Inc.,
the apartment vacancy rate between July and September increased by more than 4 percent from the previous quarter, Bloomberg reported.
This sounds like it's good for the economy, but both unemployment rates and
apartment vacancy rates need to be carefully balanced.
The apartment vacancy rate edged up to 4.7 % in the first quarter, up from 4.6 % in the fourth quarter of 2017, according to data released by Reis Inc..
As a result,
apartment vacancy rates are declining and rents are rising at faster rates.»
In addition,
apartment vacancy rates in neighborhoods bordering downtown D.C. are at 1 %.
Still,
the apartment vacancy rate registers 12 %, nearly twice the norm of 5 % to 6 %.
In the third quarter, office vacancies stood at 16.8 % and
apartment vacancies were 6.6 %, according to research firm Reis Inc..
Look for
apartment vacancies to level out at about 5.8 percent by the close of 2002, remaining near historic lows.
Apartment vacancy for the first quarter of 2017 remains unchanged compared to the prior quarter, at 4.9 percent, according to data tabulated by commercial real estate brokerage CBRE for its most recent U.S. Multifamily MarketView Snapshot.
The firm predicts that national
apartment vacancy will reach 4.0 percent at the end of 2017, based on the expectation that unemployment should hold at 5.0 percent and hiring will remain «sound,» prompting the millennial generation to bolster new household formation.
Apartment vacancies are at multi-year lows, and rents are rising sharply.
NEW YORK (Reuters)-
The Apartment vacancy rate in the first quarter fell to its lowest level in more than a decade, and rents posted their biggest jump in four years, as Americans eschewed home ownership and renting retained its popularity, according to real estate research firm Reis Inc..
According to Lockard,
apartment vacancies have remained in the 6 percent range with a slight uptick of about 10 basis points during the fourth quarter of 2017.
The Orlando area's
apartment vacancy rate for April was 4.6 percent in April, according to a report by Real Data Apartment Market Research.
Home and
apartment vacancy rates are 7.4 % in W Main Rd / Miantonomi Ave. NeighborhoodScout analysis shows that this rate is lower than 59.3 % of the neighborhoods in the nation, approximately near the middle range for vacancies.
That's why the city currently has
an apartment vacancy rate of less than 3 %, a record low, and why rents have skyrocketed.
As you can see in the chart above,
apartment vacancy rates in metro areas have fallen far below the levels seen prior to the financial crisis.
By Dale Quinn ARIZONA DAILY STAR July 14, 2009 The climbing number of
apartment vacancies in Tucson outpaced the nation during the second quarter of this year, data from a New York - based real estate research firm shows.
Apartment vacancy rates have been climbing this year — which could be why rents haven't climbed even faster.
Reis reported that
the apartment vacancy rate dropped to 5.2 percent in Q4 of 2011, down from their reports of 5.6 percent in Q3 of 2011.
Apartment vacancy is expected to hold at 5.8 %, according to Marcus & Millichap, but competition from single - family and residential condominiums being offered for rent by individual owners will hurt those markets where for - sale residential construction was most active in recent years.
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.
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