Not exact matches
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.
Note that we are not saying that real estate fundamentals will continue to improve indefinitely for Houston multifamily: for a variety of reasons unrelated to low energy prices, we have already been
forecasting a
rise in
vacancies and a moderation in rent growth over the next five 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, according to the National Association of Realtors ® quarterly commercial real estate
forecast.