Sentences with phrase «downtown office vacancy»

The downtown office vacancy rate rose sharply during the fourth quarter, to 15.1 percent, as downtown businesses continue to contract.

The downtown office vacancy rate came down to 17.2 percent at the end of 2005 from 17.6 percent at midyear, and sublease space is being absorbed despite the addition of new buildings, Mattox said.

By the end of the first quarter, downtown office vacancy had dropped to 13.2 % and suburban office vacancy to 10.6 %.

On CBC Radio's Metro Morning Thursday, Morassutti outlined why he thinks Toronto's downtown office vacancy rate has dropped below five per cent, ahead of San Francisco, mid-town Manhattan and Boston as the lowest in North America, according to figures from his company which is the world's largest commercial service provider selling and leasing real estate.

The downtown office vacancy rate was 12.7 percent in the third quarter, down from a post-recession peak of 14.3 percent two years ago, but still above rates in the 10.5 percent range in 2008.

Data tell another story: Job growth in Erie and Niagara counties last year lagged behind the nation and rest of the state, the downtown office vacancy rate rose last year and poverty in the city of Buffalo — like its sister city Rochester — is climbing and ranks among the worst in the United States.

By 2022, the downtown office vacancy rate will arrive at a number somewhere between nine and 14 per cent, Trepp predicted.

Not exact matches

Salesforce's lease is expected to accelerate improvements to Downtown Indianapolis» office market, which for years has had a vacancy rate of around 20 percent.

Older office buildings with unhealthy vacancy rates dominate Albany's downtown core, and several residential neighborhoods, with adjutant retail, are within walking distance.

Additionally, the Delaware North proposal alone will result in an increase in vacant office space in downtown Buffalo, further weakening an already distressed downtown office market and leading to more vacancies.

With less than half of that total space built, the direct vacancy rate in downtown office buildings was 15.5 % in the second quarter, up from 14.1 % during the same period a year ago, reports CB Richard Ellis.

Minneapolis vacancies are at 10.9 %, according to a United Properties market report, which goes on to say that the strong office market has helped increase retail demand - citing a new Target store downtown as one example.

The city's office vacancy reached record lows in recent years and now hovers at 4 percent for Class A space in downtown, according to brokerage CBRE.

The downtown Chicago office vacancy rate dropped in the third quarter to a 10 - year low of 10.7 percent from 11.1 percent in the previous quarter and 13.9 percent a year earlier, according to CB Richard Ellis, a commercial real estate firm.

The vacancy rate for the about 17 million square feet of offices in downtown Brooklyn plummeted to 3 percent from 10 percent in the past three years, according to Reed.

Just a few short years ago, real estate experts were warning that Toronto was building far too much office space downtown, but observers are changing their tune now that the latest rental figures show the city has the lowest office vacancy rate of any major centre on the continent.

Prior to that, Downtown Vancouver, which consists of 22.7 million square feet of office space, had posted one of the lowest vacancy rates of any metropolitan core in Canada for the past decade.

The prospect of another big building getting under way is seemingly at odds with the overriding trends in the downtown office market, which has been marked by rising vacancy rates.

For office, the report is positive, classifying 32 downtown areas as being in the «expansion» phase, which includes strong demand, tight market conditions leading to low vacancy rates, robust rental growth and decreasing overall cap rates.

More vacancies: The vacancy rate in the downtown office market shot up in the fourth quarter to 15.1 percent from 13.2 percent in the third quarter, according to a market survey by Jones Lang LaSalle.