«We entered the current recession with
historically low vacancy rates and significant new supply coming to market in only two cities.
Not exact matches
But
vacancy rates are now so
low they are likely to remain
historically low in 2017, even after creeping upward.
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.
«With
lower rental
vacancy rates and rising rents, combined with still
historically favorable affordability conditions, more people are buying homes.
Los Angeles has had less than half the necessary units built per year over the last 30 years, which is why
vacancy rates have
historically been really
low.
Bounded by the Strait of Georgia to the west, the U.S. border to the south and the Coast Mountains to the north, Metro Vancouver has
historically been constrained by a lack of available land that results in higher - than - average property values and
lower vacancy rates.
Canada's office market is well positioned going into the projected recession, thanks to its strong performance during recent years that drove
vacancy rates down to
historically low levels and continued to drive rents higher through 2008, says an analysis by Colliers International.
Meanwhile, the
vacancy rates for class - A malls are at
historically low levels, while
vacancy for power centers is nearing pre-recession levels.