Rents may go up initially (especially in
low vacancy areas), as less properties will be available for rent, thus higher demand with low supply.
Ideally, you want rents of at least 1.5 % + of the purchase price per month, half of closing paid on each side, 20 % down, in
a low vacancy area if you're going with a 15 year fixed.
Not exact matches
Construction permits in San Jose are hard to get, and the
area already has the
lowest vacancy rate of all the metro
areas surveyed, so there is little wiggle room to accommodate tens of thousands of new workers in an affordable way.
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 next priority should be
areas of the country experiencing the combination of both high unemployment and a
low number of
vacancies.
Today, State Assemblymember Brian Kavanagh and State Senator Daniel Squadron released the following statement in response to the U.S. Department of Housing and Urban Development (HUD)'s decision that changes to the Section 8 Small
Area Fair Market Rent (SAFMR) policy — which could have had severe unintended consequences for NYC Section 8 tenants — will not apply to cities with
low vacancy rates, like NYC.
«We know there is a small group of benefit claimants without the major physical or health barriers to work associated with incapacity benefit - who live in
areas where there is no shortage of
vacancies, particularly for
low - skilled jobs but who nonetheless remain on benefits for long periods of time,» he said.
Many of these people live in
areas where jobs are available and «there actually tends to be more
vacancies in
areas with
low employment rates than the national average», Mr Hutton told the IPPR.
However, the report notes: «Despite the relatively
low numbers of principals reporting unfilled
vacancies in individual curriculum
areas, there are still fairly large numbers who report that they have difficulties in suitably filling staff
vacancies across all
areas of the curriculum.»
Revenues are likely to grow in
areas that are seeing increased rents and
low vacancy rates — namely Calgary and Edmonton.
We figured that a
low vacancy rate suggests residents in a particular
area have more interest in renting (though it could also mean a
low proportion of rental properties).
Living with roommates is no longer just for college students, many people are choosing to live together to control expenses especially in
areas where the rents are high and
vacancies low.
The
vacancy rates in Bay
Area are the
lowest in the nation, and the rent much so often gets increased much faster than the inflation.
Alaska as a whole experiences a 5.62 percent rental
vacancy rate, and in
areas such as Anchorage it is even
lower at just over 4 percent, making the state appealing for potential landlords to meet demand.
Not sure of the
vacancy rate for the area but have asked my broker and was planning on using a 7 % Vacancy rate, but that may be too low... th
vacancy rate for the
area but have asked my broker and was planning on using a 7 %
Vacancy rate, but that may be too low... th
Vacancy rate, but that may be too
low... thoughts?
It helps having extremely
low vacancies in my
area and SFR with
low turnover and maintenance.
At present, the
areas with the
lowest industrial
vacancy rates are Los Angeles, with a
vacancy rate of 5.5 percent; Orange County, Calif., 6.2 percent; and Miami at 8.9 percent.
Areas with the
lowest multifamily
vacancy rates presently are Minneapolis, 2.5 percent; New York, 2.8 percent; and Portland, Ore., at 2.9 percent.
In the multifamily sector,
vacancies will stay
low even though it's the one
area in which developers are still adding inventory.
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).
To me, a condo has to be 1) in a solid overall
area, 2) be in a well - maintained complex with
low vacancy, 3) have a
low HOA, 4) cashflow really well on paper and 5) be dirt cheap in order to consider.
It's easier to find tenants and keep
vacancies low if you buy properties in the price range most people in your
area can afford.
The
areas with the
lowest industrial
vacancy rates currently are Orange County, Calif., with a
vacancy rate of 3.4 percent; Los Angeles, 3.7 percent; Miami and Palm Beach, Fla., both at 5.4 percent; and Seattle, at 5.6 percent.
Areas with the
lowest multifamily
vacancy rates currently are Sacramento, Calif., 2.5 percent; Orange County, Calif., 2.6 percent; Hartford, Conn., and Oakland - East Bay at 2.7 percent; and Rochester, N.Y., at 2.8 percent.
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.
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.
Areas with the
lowest multifamily
vacancy rates currently are New Haven, Conn., at 1.9 percent; Syracuse, N.Y., 2.0 percent; Minneapolis and San Diego, at 2.1 percent each; and New York City, 2.2 percent.
Smart investors factor in a
vacancy rate of 5 % into their cash flow calculations, as a risk management measure, even if the current
vacancy rate for the
area is
lower.
The
areas with the
lowest industrial
vacancy rates currently are Orange County, Calif., with a
vacancy rate of 3.9 percent; Los Angeles, 4.0 percent; Miami, 6.0 percent; and Seattle at 6.3 percent.
Here's how development opportunities look in the metro
areas with the
lowest current apartment
vacancy rates, according to market analysts and economists from property management software provider RealPage, data firm Yardi Matrix and brokerage firm Marcus & Millichap.
In addition, the San Francisco Bay
Area remains the tightest of the top 10 office markets with a 5.6 percent overall
vacancy rate, and
vacancy as
low as 2.0 percent in the Silicon Valley markets.
Areas with the
lowest multifamily
vacancy rates presently are San Jose, Calif.; Pittsburgh; and Newark, N.J, with
vacancies in a range around 3 percent.
Vacancies were highest in metropolitan
areas (2.4 percent) and
lowest in the suburbs (1.2).
Newer properties, particularly those located in high - density
areas with strong employment, report even
lower vacancy rates, says Julie Taylor, senior vice president of the Retail Services Group at Cornish & Carey Commercial Newmark Knight Frank in San Francisco.
At present, the
areas with the
lowest industrial
vacancy rates are Los Angeles and Salt Lake City, with
vacancies of 7.5 percent.
To add to the challenge, the project entered the leasing market at the
low point of the Southend market cycle, with
vacancy rates reaching 30 % in the local
area.
More desirable
areas are more likely to have a
lower vacancy percentage than other
areas.
As of first quarter 2016, average direct retail
vacancy in the Denver metro
area was 5.8 percent, the
lowest it's been in 18 years, according to a report from CBRE Research.
The metropolitan
areas with the
lowest vacancy rates were San Jose, Calif. (0.23 percent); Fort Collins, Colo. (0.24 percent); Lancaster, Pa. (0.26 percent); Manchester, N.H. (0.31 percent); and Provo, Utah (0.34 percent).
With roughly 93.6 million square feet of class A industrial space, greater Mexico City
area industrial
vacancy is at one of its
lowest points in the past decade.
On the flip side,
areas where communities implemented strict billboard controls had higher median incomes,
lower poverty rates, and
lower home -
vacancy rates.
I am a new investor there and I recently purchased a 3 unit multi family that needs a little work, and a 6 unit apartment building next to an oil refinery, in an
area that has extremely
low vacancy rates.
According to a Colliers International's fourth quarter 2016 report,
vacancy in the Research Triangle dropped to 7.9 percent, as the
area absorbed 1.3 million sq. ft. of space during the previous 12 months, and
vacancy in the Central Business District (CBD) at year - end was even
lower, at 5.0 percent.
Areas with the
lowest multifamily
vacancy rates currently are Minneapolis, 2.4 percent; New York City, 2.7 percent; and Portland, Ore., at 2.8 percent.
For office, the report is positive, classifying 32 downtown
areas as being in the «expansion» phase, which includes strong demand, tight market conditions leading to
low vacancy rates, robust rental growth and decreasing overall cap rates.
Also 5 % on
Vacancy is
low, unless you live in the
area where apartments are easily rented pretty much immediately.
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.
Areas with the
lowest multifamily
vacancy rates currently are New Haven, Conn., at 2.0 percent; New York City, 2.1 percent; and Minneapolis and Syracuse, N.Y., each at 2.5 percent.
Retail
vacancies are at a five - year
low — just under 7 percent — for the
area, and rents range from $ 8 per sq. ft. to $ 30 per sq. ft. for in - line space and from $ 5 per sq. ft. to $ 20 per sq. ft. for anchor space.
The
areas with the
lowest industrial
vacancy rates currently are Los Angeles and Orange County, Calif., each with a
vacancy rate of 3.6 percent; Miami, 5.6 percent; and Seattle at 6.0 percent.