Sentences with phrase «higher overall vacancy»

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

However, the outlier metros mentioned above had lower net absorption numbers, and similarly, higher overall vacancy rates.

Not exact matches

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.

Even though only about 13 percent of rent - stabilized apartments turn over each year, a report released on Tuesday by the antipoverty group Community Service Society of New York argued that the vacancy allowance, which has been in place since 1969, is so high that it contributes more to the overall rise in stabilized rents than the annual increases.

Office The office market is enjoying robust activity with rents hitting record highs and overall vacancies dropping below 7 %, while Class - A vacancies drop below 4 %.

Overall, the vacancy rate is likely to remain low, but the high - end apartment segment is likely to experience more rent concessions.

Retail space in the Inland Empire was bifurcating at the end of the year, with properties built since 2010 commanding higher rents and enjoying lower vacancies than the overall market, according to a Q4 2017 report from NAI Capital.

When sublease space is factored in, the overall suburban vacancy rate fell to 23 percent during the fourth quarter, still high but lower than the 23.6 percent rate of the third quarter, or 24.8 percent a year ago.

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.