Not exact matches
With a reputed
vacancy rate of less than 2 % on more than 40 million square feet of industrial,
office and retail property in the GTA, the company is known for moving fast, despite the
high - octane distraction of the Canadian Tire Motorsport Park, Fidani's pet project.
CB Richard Ellis director of
office leasing Andrew Denny said that even these figures masked an unrealistically
high future CBD
vacancy rate.
«Under our models, even with an
office oversupply scenario, the
highest vacancy rate to be expected is 16 percent,» he told WA Business News.
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.
Trepp and his fellow panelists agreed that even with up to 1.5 million square feet of new
office space potentially delivered to market in the next three to five years, the Vancouver market would remain «in balance», peaking at no
higher than 14 per cent
vacancy when the new supply arrives.
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Developer Marvin Romanek says the strong market is partly because some institutional investors sense a recovery in tenant demand for
office space, despite the
high vacancy rates.
However, according to a recent report by JLL,
office vacancies rose to 14.9 percent by the end of 2017, and are expected to reach an even
higher percentage by the end of 2019.
«While
office vacancies in Ottawa have been on the increase due to government downsizing, this is likely to recover should a new party win the election and have a different,
higher spending approach,» says Lucas.
The markets with the lowest
office vacancy rates are Washington, D.C. and New York City and cities with the
highest are Detroit and Dayton, Ohio.
Office The office market is enjoying robust activity with rents hitting record highs and overall vacancies dropping below 7 %, while Class - A vacancies drop belo
Office The
office market is enjoying robust activity with rents hitting record highs and overall vacancies dropping below 7 %, while Class - A vacancies drop belo
office market is enjoying robust activity with rents hitting record
highs and overall
vacancies dropping below 7 %, while Class - A
vacancies drop below 4 %.
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).
But despite a flat
vacancy rate, New York's
office market remained strong throughout 2016, with the second -
highest annual leasing total in the past decade.
«Portland is a secondary market, with no
high vacancies or spikes — strong, but not heated,» says Joseph Wood, executive vice president in the Portland
office of Norris, Beggs & Simpson.
Dallas: New space deliveries in the
office sector (2.5 million square feet) have pushed
vacancies to their
highest levels since the 2001 downturn.
He says that lawyers in particular are big clients of large A-Class
office space but even that is limited and the potential for
vacancies is
high if you are reliant on one tenant for bespoke properties.
But despite a flat
vacancy rate, New York's
office market remained strong throughout 2016, with the second -
highest annual leasing total in the past decade, according to Colliers.
Medical
office investors today have to be thankful they're already in the game —
vacancy in the sector is down, investment sales are at their
highest and new construction is still falling behind current demand.
On the contrary, when the local
office market is weak, with low absorption,
high vacancy rate and declining rents
office capitalization rates are low.
Similarly, if the
office property under consideration entails greater risk than the market average (due for example to
higher vacancy rate or poor location) then it should command a
higher capitalization rate.
Given
high vacancy rates and lenders that are still skittish about committing relatively large amounts for construction and development financing, it is hard to justify breaking ground on new
office projects, Reis said.
- Relatively
high fixed operating costs, as percent of rental income; although, a significant portion of operating expenses is usually reimbursed by tenants,
office investors bear the risk of having to pay a greater portion of a building's operating costs and property taxes when market
vacancy goes up and the market softens.
The key question, however, is who would lend $ 1.2 billion to the Kushners to refinance an aging
office tower with
high vacancy rates?
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.
Class - A
office vacancy rate in the CBD sits at 14.4 %, below the national average but the
highest level in three years, according to CoStar Group Inc..
Ted Stratigos, principal and managing director of Avison Young's Long Island
office, says tech
office users and gentrification have forced out industrial tenants from Brooklyn and Queens into Nassau County, driving down
vacancy and pushing rents to record
highs.
The U.S.
office market has gained a lot of momentum over the last eight years, with many markets now reporting low
vacancies and record -
high rents.
Canada's
office market is well positioned going into the projected recession, thanks to its strong performance during recent years that drove
vacancy rates down to historically low levels and continued to drive rents
higher through 2008, says an analysis by Colliers International.
This percentage is referred to as structural, or natural or normal
vacancy rate and it differs by property type (lower for apartments / housing and
higher for
office).
Across Fairfield County, the
office market continues to struggle with
high vacancy rates.
Q1 2017 saw a surge in rent and a slightly
higher overall
vacancy rate as new, quality supply hit the U.S.
office market.
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
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
office markets continue to suffer from
high vacancy rates.
We expect total
vacancy to inch
higher as 75.4 m.s.f of
office product delivers through 2018.