In 2014
falling vacancy rates put upward pressure on rents and new supply has been growing at a restrained rate.
Matthew Fitzgerald, director, Savills European tenant representation team, adds: «Although an increasing number of tenants are trying to opt for short to medium - term leases to increase business flexibility, the reality is that landlords are benefitting from
falling vacancy rates.
Falling vacancy rates and solid rent gains have tipped developers to focus more heavily on new apartments.
Falling vacancy rates have pushed rents higher in most markets.
Occupancy costs also reflect that
falling vacancy rate.
Not exact matches
The
vacancy rate, meantime,
fell to 4.1 % in the fourth quarter from 4.6 % in the year - earlier quarter, remaining well below the 8 % peak at the end of 2009.
Based on the surge in firms reporting difficulties filling job
vacancies, we suspect the unemployment
rate fell to just 4.2 % in August, with further declines looking likely over the coming months.
Yet even with the new construction, Baltimore's industrial
vacancy rate is
falling, dropping to about 9.6 percent in the third quarter from 13 percent three years earlier, according to a report issued Friday by Cassidy Turley.
For reducing the achievement gap between the Atlanta Public Schools and the State of Georgia, lowering the dropout
rate, cutting back the number of teacher
vacancies, and renovating and consolidating some of Atlantas schools, Atlanta superintendent Dr. Beverly L. Hall earned the 2006 Richard R. Green Award, the nations highest honor for urban education leadership, at the Council of the Great City Schools 50th Annual
Fall Conference.
A 2011 CHMC report stated that
vacancy rates across Canada were
falling and that rental
rates were rising as a result.
The national office
vacancy rate has also
fallen to 8.2 % in the first quarter from 9.3 % in 2011 according the CBRE Group.
A
fall in the
rate of unfilled
vacancies and
falling structural employment suggests talent mismatch issues are declining.
So it's not surprising that with a 14.3 percent jump in imports during 2010, according to Mario Moreno, economist with The Journal of Commerce, the overall national industrial
vacancy rate fell to 10.2 percent at the end of first quarter of this year, down from 10.3 percent at the end of 2010, according to Cushman & Wakefield.
Meanwhile, the
vacancy rate fell to 7.1 % in the third quarter.
Vacancy rates in the office sector are forecast to
fall from 16.6 percent in the third quarter of this year to 16.3 percent in the third quarter of 2012.
Retail
vacancy rates will remain elevated, most likely due to e-commerce making inroads, even as
vacancy rates of all other property types
fall below long - term averages.
The number of new lease agreements signed
fell 14 percent to 5,099 and the
vacancy rate shot up to 2.51 percent, tied for the highest for May in data going back to late 2006.
In Western Canada,
vacancy rates fell the most in Calgary (8.1 per cent, -260 bps) and Regina (1.9 per cent, -100 bps).
With the
vacancy rate in the Greater Toronto Area
falling to a tight 2.1 per cent and competition increasing daily for available units, Re / Max Commercial Advisors has launched an Apartment Advisors group.
Vacancy rates fell furthest in Eastern Canada, led by a 280 - bps drop in Toronto (8.4 per cent) and Montreal (8.5 per cent, -260 bps).
The national
vacancy rate for the office sector
fell to 16.8 percent in the second quarter, a 10 basis point decline over the first quarter of the year.
The recently released Census Homeownership and
Vacancy Survey (HVS) for the fourth quarter of 2016 shows that throughout last year, homeownership
fell slightly to an unadjusted
rate of 63.7 percent.
Big city office markets are posting the strongest performance in decades, with the U.S. unemployment
rate falling to less than 5.0 percent and office
vacancy in many regions in the single digits.
The national
vacancy rate fell by 20 basis points to 12.5 % in the third quarter, its lowest level in six years.
With
vacancy rates modestly
falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business.
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.
Ultimately, this should cause
vacancies to
fall, but whether or not they will
fall at a substantially faster
rate remains to be seen — especially if we the economy remains in the 2 percent growth
rate in the near term.
Demand should be high — the multifamily
vacancy rate in Charleston has
fallen steadily in recent years to reach 5.2 percent in the first quarter, according to New York - based data firm Reis Inc..
Persistent housing shortages and
falling rental
vacancy rates are behind the rising
rates.
Industrial
vacancy rates are likely to
fall from 9.2 percent in the fourth quarter of this year to 8.6 percent in the fourth quarter of 2014.
It says
vacancy rates in the province have already
fallen to «critical levels» of 2.1 per cent across the province and 1.3 per cent in the City of Toronto.
The combined
vacancy rate in Bergen and Hudson counties will
fall 30 basis points by the...
Still, the increase in rent pales in comparison to the drastic
fall in the
vacancy rate, down from a cyclical high of 8 percent at the end of 2008, according to Reis.
This means that when
vacancy rates are increasing and rents are
falling investors tend to extrapolate such trends into the future and consider property investments more risky.
The national
vacancy rate for medical office buildings (MOBs)
fell to an all - time low in 2017 while sales volume rose and capitalization (cap)
rates fell.
In New York City, the largest U.S. apartment market, the
vacancy rate fell to 2 percent in the first quarter, below the cyclical low of 2.1 percent last seen at the end of 2007.
NEW YORK (Reuters)- The Apartment
vacancy rate in the first quarter
fell to its lowest level in more than a decade, and rents posted their biggest jump in four years, as Americans eschewed home ownership and renting retained its popularity, according to real estate research firm Reis Inc..
NEW YORK (Reuters)- The office
vacancy rate fell only slightly during the first quarter, as a lack of significant job growth continued to impede demand for space, according to a quarterly report released on Tuesday.
«According to the Housing
Vacancy Survey, the rental vacancy rate fell for the seventh straight year in 2016, dipping to 6.9 percent — its lowest level in more than three d
Vacancy Survey, the rental
vacancy rate fell for the seventh straight year in 2016, dipping to 6.9 percent — its lowest level in more than three d
vacancy rate fell for the seventh straight year in 2016, dipping to 6.9 percent — its lowest level in more than three decades.
The period 1981 - 1991 when the
vacancy rate moved from considerably below 10 % in the early 1980s to above 20 % in 1991, when the economy
fell into a recession, is indicative of such fluctuations.
The Denver Rental
vacancy rate has
fallen to 6.1 %.
Our next fund may target these future areas of opportunity when the
vacancy rates fall out from under them and enter their next market cycle.
«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.
With
vacancy rates modestly
falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors ® quarterly commercial real estate forecast.
Total market
vacancy rates have
fallen to historic lows over the past three years resulting in strong rent growth.
From 2009 to 2011, the rental apartment
vacancy rate fell from 3.5 % to 1.4 %.
As you can see in the chart above, apartment
vacancy rates in metro areas have
fallen far below the levels seen prior to the financial crisis.
In the last economic cycle in the early 2000s, the
vacancy rate fell to 12 percent, and it
fell below 10 percent in the late 1990s.
According to Reis Inc. statistics, the current office -
vacancy rate is a little more than 16 percent, where it has stagnated for a few years after
falling from a high of 17.
What makes those numbers even better is that Dales expects
vacancy rates to keep
falling.