However, the outlier metros mentioned above had lower net absorption numbers, and similarly,
higher overall 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.
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.
Overall, the
vacancy rate is likely to remain low, but the
high - end apartment segment is likely to experience more rent concessions.
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.