Sentences with phrase «higher vacancies»

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.

Buildings with high vacancies, short leases, or construction issues generally have to contend with higher cost loans from hard money lenders — if they can get funds at all.

Now that you have a basic understanding of some of the major causes of high vacancy rates, let's help you get your property rented in the next 30 days.

The unprecedented high vacancy in 2016 resulted in an unparalleled decline in average monthly rental rates and this trend has continued into 2017.

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.

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.

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.

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

They are generally not looking to build additional independent units because they may already have a rather high vacancy rate in that area.

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

If a project misses the beginning of the new school year, it could potentially experience high vacancy until the next school year.

One partnership is targeting distressed assets with high vacancies, among other strategies.

When a property is generating below - market rents because of high vacancies or poor management, value - added loans can also be used to renovate and improve a property.

During the recession, the market saw high vacancies, which gave brokers representing commercial tenants the upper hand in negotiations.

Plan for higher vacancy rates, management fees, lost rent through incentives etc..

Mall vacancy tops 21 percent but that number is skewed by high vacancy at Sarasota's Gulfgate Mall which is probably going to be transformed into a big - box development, says Tom Richardson, president of Sarasota - based Commercial and Industrial Properties Inc..

In many states, abnormally high vacancy at commercial properties should mean a lower tax bill.

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...

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.

This limits the number of people you're able to target and ultimately produces abnormally high vacancy rates.

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.

The area with the second highest vacancy rate was Aberdeen, where 86 vacancies were recorded, followed by the Borders at 47.

They target above - average appreciation by focusing on the opportunistic acquisition of high vacancy portfolios, usually requiring modernization & renovation to enhance rents.

And higher vacancies translate into one or two months of free rent for prospective tenants as well as free utilities and parking, says Draper and Kramer's marketing and leasing director Lynette Vander Heyden.

(Bloomberg)-- Apple Inc. is more than doubling the size of its renowned store on Manhattan's Fifth Avenue, bringing a boost to a retail corridor that's suffered from Trump Tower congestion and persistently high vacancies in the...

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

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.

Expect higher vacancy rates.

The prevailing theory is that failing brick - and - mortar retailers will mean higher vacancies and bankruptcies for mall operators, with losses inflicted on CMBS holders.

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.

«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.

However in a market with higher vacancies where tenants have more opportunity to chose from available units, you will need attractive flooring to compete.

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.

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.

Across Fairfield County, the office market continues to struggle with high vacancy rates.

More importantly, the recent recession has forced many manufactured housing owners to default on their chattel loans, creating higher vacancies in manufactured housing parks, especially those in America's heartland.

A recent Baidu study of phone data gave clear evidence of 50 cities with areas of high vacancy.

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.

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.

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.

Unoccupied properties are prime targets, and with higher vacancy in the market, property owners must be vigilant to protect their equipment.

They imagine that a glut of expensive housing forces the price of housing down to the point that it becomes affordable and apartments that rent for $ 2000 - 3,000 per month will be discounted to $ 600 a month because of high vacancy rates.»

«Under our models, even with an office oversupply scenario, the highest vacancy rate to be expected is 16 percent,» he told WA Business News.

Higher vacancy and fewer owners living in the project mean that each unit pays a bigger share of the association dues, making the whole project more likely to fail if just a few owners default.

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.