Sentences with phrase «higher rental vacancy»

The 2018 provincial budget phases out the Saskatchewan Rental Housing Supplement (SRHS) on the grounds that higher rental vacancy rates make the program unnecessary.

Sin City also has a high proportion of renters to homeowners and the highest rental vacancy rate on the list.

Not exact matches

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

Rentals have vacancies that can reduce the yearly income below a safe margin of operation — hence the higher interest.

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

The downside is you may have to pay a bit more, as often a higher monthly rent is the tradeoff in case you don't work out and the rental agent or landlord has to fill the vacancy sooner than expected.

The vacancies are low, occupancies high, and the demand for rentals is strong.

The rental vacancy rate remains high.

We are currently experiencing a zero - per - cent vacancy rate with bidding wars on rentals becoming commonplace, often going to the highest bidder.

- ft. market outperformed both Palm Beach and Broward Counties with the lowest vacancy rate (7.01 %) and highest average rental rate ($ 19.06 per sq. ft.) in South Florida, according to Trammell Crow Co.'s MarketScope 2000.

As new rental product comes online, slightly higher vacancy is expected to hold rent increases on the Westside at 5.3 percent, or on average $ 2,780 per month, and DTLA rents will rise 5.6 percent to $ 2,235 due to growing demand by Millennials and empty - nesters.

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 vacancy ratio in this type of housing is 9.2 per cent, which is higher than the usual traditional rental market.»

Vacation rentals would look, on the surface, as being the better bet, but the purchase price of property that will be successful as a vacation rental is 3x to 4x as high — and with vacancy, you are not going to get 3x to 4x the rent.

The downside to the new inventory becoming available is stubbornly high vacancies and flat rental rates, even though absorption is showing marked improvement.

In contrast, nodes like Umbilo and Mobeni historically record higher vacancy rates, with very little to no growth in rentals.

Tenants may think the government is looking out for tenant interests, but if that was true there would be no pandemic housing shortage, multiple offers, outrageous selling prices, extremely low vacancy rates, high rental tenant property taxes and eight - year affordable housing wait lists.

Calgary's rental vacancies are at an all - time high.

Higher vacancy rates and / or decreased rental rates leads to lower income, and ultimately lower valuations, possibly causing trouble for these loans when it comes time to refinance.

Vacancy in these six notable buildings currently sits at 1.6 per cent, which justifies why this prominent location commands some of the highest rental rates in the city despite the impending influx of new supply that is putting downward pressure on rents throughout the Central Business District.

«In the high - risk, high - yield markets, where unemployment and vacancy rates are higher than national averages, the average return was a whopping 19 percent, actually up from a year ago thanks to a strong increase in rental rates,» Blomquist continued.

All the major metros that rank high in the rental demand category have strong job growth, low vacancy, high projected rent gains and limited threat from renters purchasing high - priced homes, according to the report.

However, the biggest increases were in high - end inventory, a sector of the market already seeing declines in rental rates amid higher vacancies.

- Relatively high fixed operating costs, as percent of rental income; although, a significant portion of operating expenses is usually reimbursed by tenants, office investors bear the risk of having to pay a greater portion of a building's operating costs and property taxes when market vacancy goes up and the market softens.

Considering millennials make up a significant part of the rental population, landlords should pay attention to taking green steps that will not only help fill vacancies faster but could also justify charging a higher monthly rent.

Washington, D.C.'s low median age of housing inventory (54 days, nine days less than the national average), even lower vacancy rate (5.20 percent, about 23 percent less than the national average), and moderately high annual job growth rate of 2.19 percent indicate that demand for housing there is and will likely remain quite strong, making D.C. a profitable market for rental real estate investors for quarters to come.

If you are skeptical of that strong statement, tell me, where else can you get the following combination of investing conditions: A rock solid local economy 1 percentage point away from full employment (5.8 %), high rental demand, minimal vacancy rates and rising rental prices, price to rent ratios on new (or less than 6 yrs old) properties under 8 and a steady and reliable local real estate market in full bloom?

New apartment complexes have been built all over the nation to provide more housing, and due to this high demand for rental properties and lower vacancy rates, rent costs have increased.

Regardless, with the 40 % rule, we're cash flowing roughly $ 2,200 / year; however, considering I will have higher quality tenants at 1,500 / month, the home is completely renovated, vacancy rates are less than 1 % and the only major repair looming (fingers crossed) is the roof, I think it could be realistic to have our total operating expenses (including insurance and taxes) at roughly 25 % gross rental income for the first few years, which should give a CAP of 9.11 % and COC on 20.73 %.

So, maybe using the actual collected rent (to negate the higher vacancy) and keeping with 50 % (to account for higher management, though I've heard of this as high as 30 % for vacation rentals) expense ratio would get us into the right ballpark.

A summer week = $ 1500 A winter week = $ 1700 Holidays are a bit higher A full summer season = roughly $ 18,000 A full winter season = roughly $ 24,000 Random other holidays = $ 4,000 Total yearly rentals = $ 46,000 Total yearly profit = $ 11,600 Now granted this is assuming full occupancy during high season, assuming some vacancy, you could round down to $ 8 - 10k a year profit.

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

«Commercial real estate in B.C. continues to remain strong despite low vacancies, higher rental rates and economic pressure,» says Sheldon, a Realtor for over 16 years and past - chair of the Fraser Valley Real Estate Board's Commercial Division.

«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.

A high rental property vacancy rate could mean you'll have trouble attracting new tenants, so you may want to be more flexible in your negotiation to ensure that you'll keep your current tenants happy.

However, short - term rentals will probably not be rented every day, meaning you'll have a higher vacancy rate.

«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.

The apartment rental market - multifamily housing - should see vacancy rates ease from 4.0 percent in the first quarter to 3.9 percent in the first quarter of 2014; vacancy rates below 5 percent generally are considered a landlord's market with demand justifying higher rents.

The outlook for vacancy rates for the next three years are lower, and the forecasted rental rate changes ae all higher, when compared to six months ago.

New York City, in particular the midtown area south of 34th Street, has the lowest vacancy rate across the United States and one of the highest growth rates in rental prices, said JLL, a global commercial real estate firm.

Compared with six months ago, the forecast vacancy rates for apartments in 2015, 2016, and 2017 are lower, and the forecast rental rate changes are all higher.

Richmond has the second - highest residential - rental vacancy rate among our top ten cities.

Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments.