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.
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.
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 200
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 200
in 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.