Sentences with phrase «high vacancy rate of»

Philadelphia's large size and high vacancy rate of 9 percent help mitigate some of the rent impacts of the Amazon HQ2.

If the new Amazon HQ2 came to town, Detroit would see moderate rather than severe rent increases, largely because of its high vacancy rate of 11 percent and its ability to add new housing stock rapidly.

For instance, the National Association of Realtors reports that in 2014, San Jose, CA had a low vacancy rate of 4.0 %, while Ocean City, NJ had a high vacancy rate of 58.4 %.

If the new Amazon HQ2 came to town, Detroit would see moderate rather than severe rent increases, largely because of its high vacancy rate of 11 percent and its ability to add new housing stock rapidly.

Philadelphia's large size and high vacancy rate of 9 percent help mitigate some of the rent impacts of the Amazon HQ2.

Although Chicago does not have the highest vacancy rates of the metros studied, it does have the most overall vacant units due to its large housing stock and 8.6 percent vacancy rate.

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.

Because the New York metro area — including all five boroughs, not just super-expensive Manhattan — has a huge population and a relatively high vacancy rate, an influx of even 50,000 new workers wouldn't mean much in the greater scheme of things.

With high retail vacancies in Southwestern Ontario and an unemployment rate of 9.6 percent in Windsor, Ontario, a stronger and more profitable retail sector should be desired, not feared.

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.

Luckily, Austin has a bit more slack in its housing market, with a vacancy rate of 8 percent and a higher rate of permitting compared to job growth.

In Sydney and Melbourne, rental growth is being constrained by high vacancy rates relative to levels of the past.

It is designed to force out - of - province owners to contribute more to B.C. government coffers or rent out their homes in cities where rents are sky - high and vacancy rates less than one per cent.

According to a recent Bloomberg report, the property is loosing money because of its high vacancy rate and debt cost.

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.

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.

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.

Four of the five districts with the highest teacher vacancy rates in the state are located in the eastern region, and all five districts are rural.

Four out of five districts in the state with the highest teacher vacancy rates last school year are in Eastern North Carolina.

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.

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.

According to the study the three main reasons for the dismal returns were: over-supply, high costs and expenses of the resort, and inaccurate vacancy rate predictions.

This, and the high (but steadily reducing) vacancy rate of 22 %, really highlights the huge embedded potential in SRE's portfolio.

Deteriorating conditions of the properties, higher vacancy rates or tenants that do not make their rent payments can negatively affect your payouts or the value of your investment.

Even with 427 available rooms, it's still better to book at least a week in advance or you run the risk of not finding any vacancies, or face significantly higher rates.

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.

The apparent contradiction of a strong investment market at a time of high vacancy rates is at odds with a commercial real estate rule of thumb: Property sales rise when leasing is strong.

According to RealtyTrac data and NJ.com, the rate of vacant homes in the Atlantic City area is 3.7 %, which makes it one of the top five metro areas with the highest vacancy rates in the U.S..

Could this be because of higher relative vacancy rates and / or expected new construction?

The number of apartments available will finally grow decisively faster than the number of people looking for apartments, pushing vacancy rates higher and rent growth down, experts says.

However, investment into life sciences commercial real estate hasn't slowed down: five of the six markets with the highest life sciences rents have vacancy rates of less than 4.0 percent, according to the JLL report.

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.

Apartments, lofts, condominium and residential mixed - use developments are the biggest investor plays due to high demand, low vacancy (3.8 percent), elevated rental rates, and the return of a strong condo market.

The North County sub-market in the San Francisco area has a vacancy rate of 0.5 percent and rent growth of more than 51 percent year - over-year, currently averaging almost $ 58 per sq. ft.. Other high - rent, low - vacancy sub-markets include Torrey Pines in San Diego (3.3 percent vacancy and $ 427.40 per sq. ft. average rent), Lake Union in Seattle (2.6 percent vacancy and $ 43.87 per sq. ft. average rent) and Philadelphia's Central Business District (CBD)(1.5 percent vacancy and $ 28 per sq. ft. average rent).

Due to overbuilding in the early 1990s, the market has an excess supply of space and the highest vacancy rate (10.31 %) in the tri-county area.

At the end of the second quarter, vacancy rates at neighborhood and community shopping centers hit their highest level in nearly four years, according to Reis Inc..

Despite high vacancy rates in a large part of the country, both asking and effective rents are rising.

Cheap homes have higher vacancy rates and more problem tenants, but you get the benefit of three properties instead of one.

Renter vacancy rates mirrored those of homeowners: highest outside metro areas at 9.6 percent followed by inside principal cities at 6.9 percent and in suburban areas at 6.0 percent.

Prologis executives note that their examination of top markets and the firm's own holdings show that global industrial vacancy rates should remain low, and rents high, for the next several years.

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.

While southern Johannesburg has historically been plagued by high vacancy rates in its old buildings, the area is now showing one of the lowest vacancies.

High vacancy rates continue to put a damper on commercial borrowing, agrees Samuel Miller, co-chairman and treasurer of Cleveland, Ohio - based Forest City Enterprises.

Homeowner vacancy rates were again highest outside metropolitan statistical areas (MSAs) at 2.0 percent, ahead of in principal cities at 1.6 percent and in suburbs at 1.5 percent.

Most of the properties available in that size range have very high vacancy (40 - 50 %), have been filled with anyone with a heartbeat to boost numbers, or the cap rates are half that.

«The positive impact of the new Liberal government, extremely low vacancy rates and some of the lowest inventories in years should result in higher demand, which will contribute to steady increases in property values throughout the city,» he says.

Newer properties, particularly those located in high - density areas with strong employment, report even lower vacancy rates, says Julie Taylor, senior vice president of the Retail Services Group at Cornish & Carey Commercial Newmark Knight Frank in San Francisco.