While southern Johannesburg has historically been plagued
by high vacancy rates in its old buildings, the area is now showing one of the lowest vacancies.
In Sydney and Melbourne, rental growth is being constrained
by high vacancy rates relative to levels of the past.
Not exact matches
Office buildings located within 500 meters of rapid transit stations generally benefit from lower
vacancy rates and
higher rents than those areas not served directly
by rapid transit.
The area with the second
highest vacancy rate was Aberdeen, where 86
vacancies were recorded, followed
by the Borders at 47.
«I increased, improved, reduced, achieved...» Examples: «I reduced
vacancy rates 30 %» «I improved test scores
by 20 %» «I achieved
highest - ever attendance levels» «I increased call efficiency
by 10 % for 3 consecutive quarters.»
Renter
vacancy rates mirrored those of homeowners:
highest outside metro areas at 9.6 percent followed
by inside principal cities at 6.9 percent and in suburban areas at 6.0 percent.
Homeowner
vacancy rates were
highest outside metro areas at 2.5 percent, followed
by inside principal cities at 1.9 percent and in suburban areas at 1.5 percent.
Homeowner
vacancy rates were
highest outside metropolitan statistical areas (MSAs) and inside principal cities at 2.2 percent, followed
by in suburbs at 1.3 percent.
Renter
vacancy rates were also
highest outside MSAs at 8.8 percent, followed
by inside principal cities at 7.2 percent and in suburbs at 7.1 percent.
This type of interest reserve is typically only offered
by banks and institutional lenders for construction loans, but it can be particularly useful in situations where a property has a temporarily
high vacancy rate as it gives the owner the necessary time to find more tenants and increase the property's income production.
Austin's booming population (helped out
by its 3.26 percent annual job growth
rate, one of the
highest such
rates in the country) has led to the moderately - low local
vacancy rate and median age of housing inventory of just 4.50 percent and 46 days, respectively.
Bounded
by the Strait of Georgia to the west, the U.S. border to the south and the Coast Mountains to the north, Metro Vancouver has historically been constrained
by a lack of available land that results in
higher - than - average property values and lower
vacancy rates.
Importantly, keep an eye on that magic mix of strong job growth, a diverse population, and low
vacancy rates — punctuated
by high consumer confidence.
According to JLL, the
vacancy rate in main Moscow
high - street corridors dropped
by 2.8 pp to 10.2 % in Q3 2016.
Of course, housing conditions vary
by region, and
vacancy rates in some locations are substantially
higher than the national average.
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.
The national
vacancy rate, as reported
by M / PF Research for the National Multi Housing Council, was as
high as 12 % during the late 1980s and has continually edged downward to about 9.4 %.
Part of this commitment involves reducing
vacancy rates by keeping
high quality tenants in properties for longer periods of time.
This percentage is referred to as structural, or natural or normal
vacancy rate and it differs
by property type (lower for apartments / housing and
higher for office).