The phrase
"low vacancies" means there are very few empty or available spaces, often referring to rental properties or job positions.
Full definition
With
low vacancy rates in the single digits, many of our investor clients whose prior focus was single family properties are now switching to small multifamily properties.
How long can the good times
of low vacancy rates and high rent growth last?
With a
very low vacancy rate and turnover time we take pride in knowing our clients are getting the most out of their investment property.
On the commercial side, all sectors are expected to
see lower vacancy rates as occupancy demand rises with job growth.
In this scenario, the house hacking was only meant to explain the slightly
lower vacancy expense than would be expected.
With your listing automatically published to these popular sites you are guaranteed more exposure, which means more potential tenants looking at your property, which ultimately
means lower vacancy rates.
The limited construction and positive absorption should
further lower vacancy rates and stabilize or slightly grow rents, especially in the second half of 2011 as the economic recovery takes hold.
«We're actually seeing opportunities and
really low vacancy rates,» she told meeting attendees.
While they'll charge a nominal fee for their services, the expenses are almost always covered as a result
of lower vacancy and turnover rates.
The same trend should hold true in 2013 as increased market uncertainty will mean high - quality properties
with low vacancy rates will account for the bulk of assets traded.
The growth in e-commerce as caused a spike in demand for large warehouse and distribution space, and smaller light industrial properties have
seen lower vacancy and increasing rents as well.
Record low vacancy is driving new industrial development and keeping upward pressure on rents.
The lack of land coupled with manufacturers» reluctance to risk losing workers with a distant relocation has produced
extremely low vacancies in Chicago.
Rents may go up initially (especially in
low vacancy areas), as less properties will be available for rent, thus higher demand with low supply.
«Our Rapid Transit Office Index shows that buildings within walking distance of rapid transit stations
enjoy lower vacancy while achieving significantly higher rental rates.
Despite a softening housing market, portfolios that invest in REITs seem to be just fine, thanks to steady income from tenants with
relatively low vacancy rates in the big cities.
Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically
low vacancy factors)
Columbus's
moderately low vacancy rate of 5.50 percent and median age of housing inventory of 52 days, both almost 20 percent lower than their respective national averages, further indicate how strong the demand for housing currently is there.
«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.
In the CBRE fourth quarter 2015 report, Aiman Noursoultanova, senior vice president, said «our area's projected housing needs (as estimated by EDAWN's EPIC Report) are still outpacing available supply, which bodes well for
continued low vacancy and growing rents.
The U.S. office market has gained a lot of momentum over the last eight years, with many markets now
reporting low vacancies and record - high rents.
These figures mask wide differences in markets, though, with distribution hubs such as Los Angeles, Las Vegas, and northern New Jersey
maintaining low vacancies (6 percent to 8 percent) and solid rental growth (1 percent to 2 percent), while many older industrial areas are still struggling to fill space.
«We entered the current recession with
historically low vacancy rates and significant new supply coming to market in only two cities.
Office buildings located within 500 meters of rapid transit stations generally benefit
from lower vacancy rates and higher rents than those areas not served directly by rapid transit.
The city has a
fairly low vacancy rate of 3 %, with rent on a two - bedroom apartment averaging $ 1,060 a month.
It means Airbnb's popularity could be contributing to the
critically low vacancy rate, which is, in turn, driving up rents.
Miami - Dade's Kendall submarket boasts a
particularly low vacancy rate, which has spurred development of several new projects, including Columbia, Md. - based The Rouse Co.'s 1.3 million sq. ft. Kendall Town Center and locally based Prime Sites Inc.'s 300,000 - sq.
According to Rockwood Real Estate Advisors, this submarket recorded the highest average asking rate, the greatest net absorption and the
second lowest vacancy rate in the Las Vegas office market during the fourth quarter of 2012.
According to Kalla, «Retail listed funds have
much lower vacancies compared to offices for example, which is quite volatile at the moment.
Marcus & Millichap
predicts lower vacancy rates and higher asking rents in the state's major markets as the economy slowly recovers and tourism rebounds.
Investors focused on rental properties should be attracted to
low vacancy submarkets as they will limit the amount of time between tenants.
This steady downward trend in vacancy rates is not something new to seasoned landlords as the early 80s and mid-90s hit some
impressively low vacancy rates.
Trends foreshadow continued interest in commercial real estate: a slowly improving economy that
spells lower vacancy rates and higher rents and returns, and Baby - Boomers» preference for cash flow.
Other cities
showing low vacancy include Providence, Detroit, New York City, Newark, Boston, Milwaukee, San Francisco, Sacramento, San Diego, Los Angeles, and Oakland.