Sentences with phrase «high vacancy rates»
Running against this trend of large increases in housing - related prices, the increase in average rents has been quite modest, reflecting higher vacancy rates in many markets.
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It would draw investment to an area that currently suffers from high vacancy rates and leave the region in better long - term fiscal condition.
With high fixed and holding costs it is necessary to be aggressive with your figures, especially in the neighborhoods which see higher vacancy rates.
Despite high vacancy rates in a large part of the country, both asking and effective rents are rising.
Higher vacancy rates reduce net operating income, a key valuation consideration.
Whether you experience high vacancy rates with all of your properties, or just one, it's important that you have a plan in place for quickly getting renters.
They are generally not looking to build additional independent units because they may already have a rather high vacancy rate in that area.
Philadelphia's large size and high vacancy rate of 9 percent help mitigate some of the rent impacts of the Amazon HQ2.
Markets with low industrial vacancy rates are Orange County and Los Angeles, while markets with high vacancy rates are Boston and San Jose, Calif..
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.
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.
Given high vacancy rates and lenders who are still skittish about committing large amounts of money to construction financing, it is hard to justify breaking ground on new office projects.
In contrast, nodes like Umbilo and Mobeni historically record higher vacancy rates, with very little to no growth in rentals.
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.
In Sydney and Melbourne, rental growth is being constrained by high vacancy rates relative to levels of the past.
The area with the second highest vacancy rate was Aberdeen, where 86 vacancies were recorded, followed by the Borders at 47.
New apartment communities that open their doors in 2017 will probably still enjoy a strong U.S. apartment market — despite a slightly higher vacancy rate and slower rent growth...
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.
«The available office space is currently outstripping demand, as new completions add further pressure to already high vacancy rates, in particular lower for secondary quality and strata offices.
With Hartford's traditionally high vacancy rates, pressure is focused on landlord representatives to fill the approximately 25 million - square - foot market, while tenant representatives have an easier time finding space and servicing their clients.
This limits the number of people you're able to target and ultimately produces abnormally high vacancy rates.
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.
A fluctuating and evolving commercial real estate market that has seen high vacancy rates in some areas and changing needs across the country is resulting in more detailed and complex leases.
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.
The Indianapolis vacancy rate was an astonishing 11.20 percent in Q2 2015, the seventh - highest vacancy rate in the country and 67 percent greater than the national average during that time period.
The inner city in particular is plagued by high vacancy rates (18.5 %), with decentralised nodes recording a collective rate of 11.2 %.
«Under our models, even with an office oversupply scenario, the highest vacancy rate to be expected is 16 percent,» he told WA Business News.
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.
According to a recent Bloomberg report, the property is loosing money because of its high vacancy rate and debt cost.
There was a high vacancy rate, little planning regulation and no rent control or zoning ordinances.
Kings Park civic leaders say their downtown, which struggles with a high vacancy rate, needs major changes to attract new residents and businesses.
Assume a high vacancy rate and regular expenses on the property.
Not surprising, Las Vegas has the highest vacancy rate (15.5 %); San Jose, Calif., has the lowest at 4.9 %.
These tend to have higher running costs, higher levels of required maintenance, sub-market rents and higher vacancy rates — the usual government efficiency, eh..?!
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.
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.
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.
New South China Mall is the biggest mall in the world with 600.153 m ² of shopping space — most of it empty, with little consumer traffic and a high vacancy rate.
As you said, you have to factor in higher vacancy rates and unit repair costs.
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.
«Phoenix is one of the few markets that is oversold but is now well positioned for a major recovery, which is expected to start towards the end of 2004, early 2005,» said Zaya Younan, chairman and CEO of Younan Properties, a privately held commercial real estate and hotel investment firm based in Woodland Hills, Calif. «Our goal was to own the largest building in this market with a high vacancy rate in order to take advantage of the recovery when it occurs.»
Cheap homes have higher vacancy rates and more problem tenants, but you get the benefit of three properties instead of one.
Core real estate markets, where many new apartment buildings have opened, are experiencing less rent growth and higher vacancy rates.