Office property istings in major U.S. cities are beginning to surge as values rise, while suburban office markets continue to suffer
from high vacancy rates.
Not exact matches
Office buildings located within 500 meters of rapid transit stations generally benefit
from lower
vacancy rates and
higher rents than those areas not served directly by rapid transit.
As larger metros with
high vacancy rates, Philadelphia and Detroit have a significant amount of slack in their housing market, helping protect these cities
from more significant rent increases.
Memphis ended 2017 with an overall
vacancy rate of 14.8 percent, which is up slightly
from where the year started at 14.5 percent — the
highest level in three years.
Nurses are spread too thin
High turnover and
vacancy rates in nursing mean you're more likely than ever to have an overstretched nurse at the other end of that call button, according to an April 2008 statement
from the American Association of Colleges of Nursing.
Last school year, the rural school system had the fifth
highest teacher
vacancy rate in the state, shows a report
from the North Carolina Department of Public Instruction.
That low supply, coupled with demand
from better - performing retailers for quality space, helped push rents across all types of retail real estate
higher and
vacancy rates down to about 10 percent at the end of 2015
from 11.1 percent in 2011 — as retailers slowly shrugged off the recession's
vacancy spike.
Johannesburg's office market once again recorded the
highest vacancy rate, albeit an improvement
from the previous quarter (down to 12.6 % compared to 13.3 % in Q2).
«In the
high - risk,
high - yield markets, where unemployment and
vacancy rates are
higher than national averages, the average return was a whopping 19 percent, actually up
from a year ago thanks to a strong increase in rental
rates,» Blomquist continued.
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.
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.
If you are skeptical of that strong statement, tell me, where else can you get the following combination of investing conditions: A rock solid local economy 1 percentage point away
from full employment (5.8 %),
high rental demand, minimal
vacancy rates and rising rental prices, price to rent ratios on new (or less than 6 yrs old) properties under 8 and a steady and reliable local real estate market in full bloom?
Data
from the U.S. Census Bureau show Tucson has the 10th
highest year - round
vacancy rate of the country's 75 largest metropolitan areas.
Still, the oversupply of units has pushed the
vacancy rate of CBD sub-markets
from a low of 4.4 percent to a
high of 6.3 percent in the fourth quarter of 2015.
A
vacancy rate of 6.3 percent seems
high relative to the recent past, but it is still in line with the U.S. historic average of 6.0 percent
from 2001 through 2010.
The average
vacancy rate is now 7.2 %, which is down
from a
high of 12.8 % in 2009.
The apartment rental market - multifamily housing - should see
vacancy rates ease
from 4.0 percent in the first quarter to 3.9 percent in the first quarter of 2014;
vacancy rates below 5 percent generally are considered a landlord's market with demand justifying
higher rents.
Midtown South
vacancy rate fell 10 basis points to 7.3 percent in the third quarter, down
from a
high of 8 percent in April.
As larger metros with
high vacancy rates, Philadelphia and Detroit have a significant amount of slack in their housing market, helping protect these cities
from more significant rent increases.
The Midtown
vacancy rate dropped 20 basis points to 9.6 percent and was down 40 basis points
from a
high of 10 percent in March.