How high would
you expect vacancy rates to climb?
«We don't
expect vacancy rates to rise over 5 percent.»
Factor in
the expected vacancy rate.
What makes those numbers even better is that Dales
expects vacancy rates to keep falling.
Not exact matches
«Over the course of 2003 we
expect the net absorption to be positive, the increase of the
vacancy rate is driven by the increase in supply not a weak business environment,» Mr Cresp said.
«Under our models, even with an office oversupply scenario, the highest
vacancy rate to be
expected is 16 percent,» he told WA Business News.
«While annual supply completions remain suppressed relative to previous years, increased supply at a time of weak demand is
expected to continue to push up residential
vacancy rates, causing further rental decline by the end of 2016.
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.
Should attrition continue at a higher
rate than
expected and result in job
vacancies in departments in which teachers were laid off, Martinez said the district would welcome terminated teachers to apply for the
vacancies.
Could this be because of higher relative
vacancy rates and / or
expected new construction?
Asking rents are forecast to rise 2.6 percent this year to about $ 20 per square foot, while the overall
vacancy rate is
expected to rise 50 basis points to 10.2 percent, according to Encino, Calif. - based Marcus & Millichap Real Estate Investments.
The
vacancy rate for industrial space is
expected to decline 1.1 percent to 7.8 percent, and retail availability is to decrease 0.4 percent to 11.4 percent.
On the commercial side, all sectors are
expected to see lower
vacancy rates as occupancy demand rises with job growth.
Although 225.4 million square feet of additional space is currently in the pipeline,
vacancy rates are still
expected to trend downward as supply slowly catches up with demand.
In addition to San Francisco's five - point drop in the
vacancy rate to 12.6 % between the second quarters of 2004 and 2005, the city was
expected to add 4,600 office jobs by year's end, according to the San Francisco office of Newmark Pacific, a full - service real estate firm.
Along with robust corporate profits and healthy balance sheets, as the economy continues to improve, positive absorption and low levels of construction are
expected further to bring down the
vacancy rate going forward.
The city is
expected to reach the end of the year with a multifamily
vacancy rate of 3.1 percent (a 40 basis point increase year - over-year).
The level of demand we have seen over the past several years has significantly reduced the amount of available space, and these declining
vacancy rates have driven an upward trend in rent growth, which we
expect to continue for the foreseeable future.
«Robust office demand is
expected to continue to outpace new supply in the near future, leading to further tightening of the
vacancy rate and keeping rent growth above inflation in a majority of U.S. office markets.»
The
vacancy rate is
expected to top 7 % by the end of the year.
The translation is that
vacancy rates are no longer tightening in any property type — and PPR doesn't
expect «tightening» conditions to return until 2009 at the earliest.
Industrial
vacancy rates are
expected to fall from 8.7 percent in the first quarter to 8.3 percent in the first quarter of 2016.
www.bestplaces.net - shows the population,
expected population growth, pollution, schooling, spending on schools, job growth, rental
vacancy rate, etc. compares with National Average 3.
Vacancy rates in the retail market are
expected to decline from 9.7 percent currently to 9.5 percent in the first quarter of 2016.
The
vacancy rate for industrial space is
expected to decline 0.4 percent and retail space 0.3 percent as manufacturers boost production for goods and services and consumers slightly accelerate their spending.
The
vacancy rate in the retail sector is
expected to be at 10 percent by year - end and to trend a bit upward heading into 2018, according to Barbara Byrne Denham, senior economist at real estate research firm Reis.
Vacancy rates in the office sector are
expected to decline from a projected 15.6 percent in the fourth quarter to 15.4 percent in the fourth quarter of 2014.
Data from the National Realtors Association and Reis shows that retail
vacancy rates are
expected to dip slightly to 11.2 percent in the fourth quarter of 2016, from 11.5 percent in the third quarter.
Expect to see a period of rising
vacancy rates and declining rent growth, according to Fannie Mae.
Retail
vacancy rates are
expected to slip from 13.0 percent in the first quarter of this year to 12.9 percent in the first quarter of 2012.
However, the number of construction projects are
expected to peak in 2017 or early 2018, which will push
vacancy rates higher.
Budgeting the
expected rental income vs all expenses (interest, insurance, council
rates, water
rates, management fees, etc), including factoring in possible
vacancies in the property and unexpected expenses such as repairs and maintenance.
With continued strong demand on the back of healthy FDI and robust GDP growth, we
expect to see an extremely low
vacancy rate across all office grades and an average rental growth of approximately 8.4 % per annum in the next three years.
While
vacancy rates are
expected to drop, researchers found that rent growth for single family rentals is
expected to slow to roughly 5.5 percent to $ 2,350 per month from 2016.
Due to steady economic growth and strong demand for multifamily units, rent growth is
expected to be similar to 2016 levels and
vacancy rates will increase more slowly than initially forecast.
As credit requirements loosen, more people will want to buy, creating
vacancies, said McCabe, adding that he
expects another global recession in the next three years, which would depress rental
rates.
«Given no major surprise in the data, the national outlook for real estate market remains essentially unchanged, with home sales
expected to squeak out slight gains in 2016 and 2017 while commercial building
vacancy rates should continue to fall,» said NAR Chief Economist, Dr. Lawrence Yun.
Industrial
vacancy rates are
expected to slide from 9.4 percent in the second quarter of this year to 8.9 percent in the second quarter of 2014.
The
vacancy rate for industrial space is
expected to decline 1.3 percent to 7.1 percent, and retail availability to decrease 0.7 percent to 11.2 percent.
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.
Retail Markets
Vacancy rates in the retail market are
expected to decline from 9.8 percent currently to 9.6 percent in the third quarter of 2015.
You might look to adjust the
vacancy rate against what you
expect to be normal for your market.
; •
Vacancy rates are
expected to drop in a range of between 1.2 and 3.7 percentage points for office, retail, and industrial properties and remain stable at low levels for apartments; while hotel occupancy
rates will likely rise; • Rents are
expected to increase for all property types, with 2012 increases ranging from 0.8 percent for retail up to 5.0 percent for apartments.
Vacancy rates have been trending down gradually and currently rest at 5 percent and that percentage is
expected to fall even further in 2012 as demands for rent increase.
This is much more than most
expect but it covers management,
vacancy rate, turnover costs, and reserves for major repairs that don't come up every year.
For the next few years, the affordable
vacancy rate is
expected to remain flat while the multifamily
vacancy rate is
expected to drift upwards due to the high level of construction underway.
As a result, retail property fundamentals will take a hit in 2009 — the
vacancy rate is
expected to peak next year at 17.3 percent, according to PPR, while rent growth will decline 5.6 percent, after a 3.6 percent decrease projected for this year.
For example, Boston - based Property & Portfolio Research (PPR), has some of the most bearish projections on retail real estate,
expecting the national
vacancy rate to climb 17.3 percent, while projecting rents to 5.6 percent.
While
vacancy rates were on the decline over the past year (from 5.60 per cent in the fourth quarter of 2007 to 4.50 per cent in 2008) and rents continued to escalate ($ 21.36 to $ 22.90 per sq. ft. for the same period), softening demand due to weak economic conditions and the
expected supply of several million square feet of new office space will pose challenges for some of the prestigious towers in Toronto's financial district during 2009 and 2010.
In no particular order, off the top of my head: landlord - friendly laws, no rent control, population trends, total population in the metro (I won't invest in super small metro areas / towns), unemployment
rate trends,
vacancy rate trends, income trends, rent trends, economic trends for the metro, weather (as it pertains to potential expenses - i.e., I don't have to worry about clearing snow from a parking lot in Scottsdale AZ), purchase price,
expected ROI, how fast you can evict, insurance
rates, and property taxes.