Sentences with phrase «higher vacancy rates in»

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.

According to RealtyTrac data and NJ.com, the rate of vacant homes in the Atlantic City area is 3.7 %, which makes it one of the top five metro areas with the highest vacancy rates in the U.S..

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

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.

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

Big distressed properties like Ross Tower, set in the Arts District neighborhood between the central business district and uptown, may be a large part of the high vacancy rate in in the submarkets near the middle of Dallas.

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.

Not exact matches

With a reputed vacancy rate of less than 2 % on more than 40 million square feet of industrial, office and retail property in the GTA, the company is known for moving fast, despite the high - octane distraction of the Canadian Tire Motorsport Park, Fidani's pet project.

At the same time, the vacancy rate last month — 2.5 percent — was the highest seen for July in the last nine years, according to the report.

In a separate report, Citi Habitats reported that the borough's vacancy reached 1.9 percent, the highest rate the brokerage has reported for July since it started tracking the stat in 200In a separate report, Citi Habitats reported that the borough's vacancy reached 1.9 percent, the highest rate the brokerage has reported for July since it started tracking the stat in 200in 2002.

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.

With high retail vacancies in Southwestern Ontario and an unemployment rate of 9.6 percent in Windsor, Ontario, a stronger and more profitable retail sector should be desired, not feared.

As larger metros with high vacancy rates, Philadelphia and Detroit have a significant amount of slack in their housing market, helping protect these cities from more significant rent increases.

Luckily, Austin has a bit more slack in its housing market, with a vacancy rate of 8 percent and a higher rate of permitting compared to job growth.

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

Vacancies for apartments in inner Melbourne and Sydney have stabilised at a relatively high level, and vacancy rates for newly completed apartments have increased sharply in recent months.

It is designed to force out - of - province owners to contribute more to B.C. government coffers or rent out their homes in cities where rents are sky - high and vacancy rates less than one per cent.

Vacancy rates in both cities have declined a little recently, but remain at high levels and could move higher as a large number of new apartments comes on stream.

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.

The lawmakers and the caregivers groups also want the state to address the high vacancy and turnover rate in the industry.

Nurses are spread too thin High turnover and vacancy rates in nursing mean you're more likely than ever to have an overstretched nurse at the other end of that call button, according to an April 2008 statement from the American Association of Colleges of Nursing.

Should attrition continue at a higher rate than expected and result in job vacancies in departments in which teachers were laid off, Martinez said the district would welcome terminated teachers to apply for the vacancies.

Four of the five districts with the highest teacher vacancy rates in the state are located in the eastern region, and all five districts are rural.

Four out of five districts in the state with the highest teacher vacancy rates last school year are in Eastern North Carolina.

Last school year, the rural school system had the fifth highest teacher vacancy rate in the state, shows a report from the North Carolina Department of Public Instruction.

Although vacancy rates are somewhat high in Louisville, the RPP in the city is nearly 8 percent less than the average, putting the city fifth on our list.

Provincial Finance Minister Mike de Jong says he unveiled the tax as part of legislation aimed at addressing low vacancy rates and high real estate prices in southern B.C.

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

This, and the high (but steadily reducing) vacancy rate of 22 %, really highlights the huge embedded potential in SRE's portfolio.

Even with 427 available rooms, it's still better to book at least a week in advance or you run the risk of not finding any vacancies, or face significantly higher rates.

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.

He estimates the district's vacancy rate at close to 9 %, the highest in memory.

- 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.

Because housing is an inelastic need, it is possible for so - called market rents to be too high, especially in my town where the vacancy rate is only 1 %.

The number of new lease agreements signed fell 14 percent to 5,099 and the vacancy rate shot up to 2.51 percent, tied for the highest for May in data going back to late 2006.

The North County sub-market in the San Francisco area has a vacancy rate of 0.5 percent and rent growth of more than 51 percent year - over-year, currently averaging almost $ 58 per sq. ft.. Other high - rent, low - vacancy sub-markets include Torrey Pines in San Diego (3.3 percent vacancy and $ 427.40 per sq. ft. average rent), Lake Union in Seattle (2.6 percent vacancy and $ 43.87 per sq. ft. average rent) and Philadelphia's Central Business District (CBD)(1.5 percent vacancy and $ 28 per sq. ft. average rent).

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.

Falling vacancy rates have pushed rents higher in most markets.

At the end of the second quarter, vacancy rates at neighborhood and community shopping centers hit their highest level in nearly four years, according to Reis Inc..

Maybe up near Alaska in the bush somewhere, where the vacancy rate is a little higher!

The loan carried a higher interest rate than is typical in today's market because the high vacancy rate made it less attractive to lenders.

Many buy for themselves believing the market will remain stable or increase or invest thinking they can easily rent for increasingly high rents when, especially with ongoing building, and, as can be seen in one article, rents are not increasing as would be the case if there were really a vacancy rate in Toronto as low as has been stated.

Renter vacancy rates mirrored those of homeowners: highest outside metro areas at 9.6 percent followed by inside principal cities at 6.9 percent and in suburban areas at 6.0 percent.

The homeownership rate rallied slightly at 63.5 percent in the third quarter, higher than the 62.9 percent rate in the second quarter — the lowest point in more than 50 years, according to the U.S. Census Bureau's Quarterly Housing Vacancies and Homeownership report.

Homeowner vacancy rates were highest outside metro areas at 2.5 percent, followed by inside principal cities at 1.9 percent and in suburban areas at 1.5 percent.

Homeowner vacancy rates were highest outside metropolitan statistical areas (MSAs) and inside principal cities at 2.2 percent, followed by in suburbs at 1.3 percent.

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...

That low supply, coupled with demand from better - performing retailers for quality space, helped push rents across all types of retail real estate higher and vacancy rates down to about 10 percent at the end of 2015 from 11.1 percent in 2011 — as retailers slowly shrugged off the recession's vacancy spike.

But the report says that despite the increase in vacancy rates, rents rose in 2004, with the highest increases for two bedroom apartments at 2.3 per cent.