Sentences with phrase «high vacancy rate as»

This type of interest reserve is typically only offered by banks and institutional lenders for construction loans, but it can be particularly useful in situations where a property has a temporarily high vacancy rate as it gives the owner the necessary time to find more tenants and increase the property's income production.

The report identified the states with the highest vacancy rates as Mississippi (3 percent); Michigan (2.94 percent); Indiana (2.77 percent); Oklahoma (2.73 percent); and Alabama (2.56 percent).

Not exact matches

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.

Large markets, such as Detroit and Atlanta, with high vacancy rates, have the most slack and, thus, need less new construction to house new Amazon employees.

Vacancy rates in both cities have declined a little recently, but remain at high levels and could move higher as a large number of new apartments comes on stream.

He says worker shortages with vacancy rates as high as 20 % at some facilities has led to employees working overtime, while not earning enough to live decently themselves.

Provincial Finance Minister Mike de Jong says he unveiled the tax as part of legislation aimed at addressing low vacancy rates and high real estate prices in southern B.C.

This has resulted in higher rental rates, as vacancy rates drop which, in turn, impacts housing market demand.

It's not quite as bad as many markets on the west coast, but the vacancy rate isn't very high.

Oddly enough, letters of interest have high success rates so writing one is a good idea even if there isn't a vacancy, as your resume will be kept for a future one.

As you said, you have to factor in higher vacancy rates and unit repair costs.

Many buy for themselves believing the market will remain stable or increase or invest thinking they can easily rent for increasingly high rents when, especially with ongoing building, and, as can be seen in one article, rents are not increasing as would be the case if there were really a vacancy rate in Toronto as low as has been stated.

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.

As a rule, vacancy rates below 5 percent are considered a landlord's market, with demand justifying higher rent.

Marcus & Millichap predicts lower vacancy rates and higher asking rents in the state's major markets as the economy slowly recovers and tourism rebounds.

The dense housing which the City has supported in the Basin within the last decade has a 12 % vacancy rate and the newer apartments and condos have a greater vacancy rate, perhaps has high as 40 %.

The same trend should hold true in 2013 as increased market uncertainty will mean high - quality properties with low vacancy rates will account for the bulk of assets traded.

This acquisition is a strong one for JRK Investors as the Seattle region features some of the lowest vacancy rates and the highest rent growth in the nation right now.»

The result is a rental market that may be roughly in balance, as the vacancy rate creeps higher.

As long as demand grows higher than supply, vacancy rates continue to fall and the expansion continueAs long as demand grows higher than supply, vacancy rates continue to fall and the expansion continueas demand grows higher than supply, vacancy rates continue to fall and the expansion continues.

The national vacancy rate, as reported by M / PF Research for the National Multi Housing Council, was as high as 12 % during the late 1980s and has continually edged downward to about 9.4 %.

«Vacancy rates ticked up to their highest point since 2014 in March — 4.08 percent — as the flood of high - end rentals hit the market.

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).

Q1 2017 saw a surge in rent and a slightly higher overall vacancy rate as new, quality supply hit the U.S. office market.

«Not surprisingly, some of the highest vacancy rates are in markets with the highest potential rental returns such as Chicago, Detroit, Indianapolis, St, Louis and Baltimore,» says Blomquist.

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.

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.

Large markets, such as Detroit and Atlanta, with high vacancy rates, have the most slack and, thus, need less new construction to house new Amazon employees.