The low new supply volume contributes to
the continuing overall vacancy rate reduction.
Not exact matches
Year over year improvement in office market metrics
continues, with a second consecutive quarter of
overall market
vacancy hovering at a seven - year low.
Cushman & Wakefield sees a largely positive labor market that will
continue to drive strong absorption in industrial, although less than record levels in 2014 and 2015 leading to a 5.9 %
overall vacancy rate, some of the best conditions ever seen in the sector.
Speculative construction is once again taking place on a very modest scale, and a combination of tightening market conditions and sustained economic growth are expected to support healthy leasing activity, incremental gains in rental rates and a
continued decline in
overall vacancy.
Market fundamentals
continue to improve, as demonstrated by a decline in
overall vacancy, and rising rental rates have done little to deter retailers who are looking to expand and secure space in prime locations.
However, with the delivery of three new office buildings totaling 1.6 million sq. ft. of vacant space in the first quarter — Phipps Tower and 3630 Peachtree in Buckhead, and 1075 Peachtree in Midtown —
overall vacancy rates
continued to rise despite the positive absorption numbers.
«
Overall commercial real estate leasing activity
continued to grow in most markets during the closing months of 2012, which is modestly lowering
vacancy rates in all of the commercial sectors early this year.»
Overall this should result in
continued rent growth and lower
vacancy.