Newer properties, particularly those located in high - density areas with strong employment, report
even lower vacancy rates, says Julie Taylor, senior vice president of the Retail Services Group at Cornish & Carey Commercial Newmark Knight Frank in San Francisco.
Washington, D.C.'s low median age of housing inventory (54 days, nine days less than the national average),
even lower vacancy rate (5.20 percent, about 23 percent less than the national average), and moderately high annual job growth rate of 2.19 percent indicate that demand for housing there is and will likely remain quite strong, making D.C. a profitable market for rental real estate investors for quarters to come.
Washington, D.C.'s low median age of housing inventory (54 days, nine days less than the national average),
even lower vacancy rate (5.20 percent, about 23 percent less than the national average), and moderately high annual job growth rate of 2.19 percent indicate that demand for housing there is and will likely remain quite strong for some time.
We have below 5 % vacancy rate (
even lower vacancy rate for below average units).
Not exact matches
As long as the
vacancy rate in New York City is so
low — way under 5 % — tenants need the rent laws to
even the playing grounds.
Vacancy (Screen Gems, April 20) Starring: Luke Wilson, Kate Beckinsale, Frank Whaley, Ethan Embry Director: Nimród Antal
Rating: NR The Pitch: After their car breaks down, a married couple (Wilson and Beckinsale) wind up in an isolated motel, where their
evening of watching
low - budget slasher films is ruined by the discovery that said films were all made in their room.
Alaska as a whole experiences a 5.62 percent rental
vacancy rate, and in areas such as Anchorage it is
even lower at just over 4 percent, making the state appealing for potential landlords to meet demand.
Barile and other experts cite several reasons for the unexpected twist in the real estate market, including
low interest
rates, which help boost returns in highly leveraged deals
even if
vacancy rates rise.
But
vacancy rates are now so
low they are likely to remain historically
low in 2017,
even after creeping upward.
Damage caused by
low oil prices has certainly been felt in the state's Northern market, but
even that market has shown resilience, with second - quarter 2016
vacancy rates at 4.8 percent and 114,000 sq. ft. of positive absorption in the first half of the year.
Smart investors factor in a
vacancy rate of 5 % into their cash flow calculations, as a risk management measure,
even if the current
vacancy rate for the area is
lower.
The
vacancy rates are
even lower in the surrounding Denver metro counties.
Nashville's stellar annual job growth (3.44 percent, seventh - highest in the U.S.), moderately
low vacancy rate (4.80 percent, almost 30 percent
lower than the national average), and
even lower median age of housing inventory (a mere 42 days, 33 percent
lower than the national average) also highlight how exceptionally strong the demand for Nashville housing currently is and will likely continue to be for many quarters to come.
It's
even become more difficult to find good tenants and you find yourself tempted to
lower your standards to keep
vacancy rates low.
Even the most pessimistic apartment market researchers agree that very few apartments were empty in the third quarter and that the
vacancy rate in the multifamily rental sector will remain
low in the short - term.
«
Even though there is a lot of retail development under way, in most Canadian markets there is very
low vacancy and there has been an increase in lease
rates,» says James Smerdon, Vancouver - based director of retail and consulting with Colliers.
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.
Even if the cities with the
lowest vacancy rates right now will see those
rates go up as new buildings open in 2017 and 2018, markets such as Seattle, Atlanta, Houston, Dallas, Phoenix and Philadelphia should see
vacancy rates remaining
low as not as much new construction is planned in those cities.