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.
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.
The reasons are numerous and include healthy job and population growth, a thriving tech sector, and
low vacancy rates despite a decent amount of new construction.
On the commercial side, all sectors are expected to
see lower vacancy rates as occupancy demand rises with job growth.
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.
The reasons include healthy job and population growth, a thriving tech sector, and
low vacancy rates despite a decent amount of new construction.
Sydney real estate is going through significant regeneration, which coupled with ongoing light rail works have resulted in very
low vacancy rates of around 4 % in commercial office space.
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.
Cities like Cleveland and Detroit have a lot of vacant houses overall, but a relatively
low vacancy rate among active rentals.
These are the commercial property markets with
relatively low vacancy rate, and strong demand growth rates that outpace considerably supply growth, that is, the rate by which the existing inventory in the market increases.
With continued strong demand on the back of healthy FDI and robust GDP growth, we expect to see an
extremely low vacancy rate across all office grades and an average rental growth of approximately 8.4 % per annum in the next three years.
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.
Rising rental rates signal a market where demand is strong enough to absorb the increased prices, while
low vacancy rates suggest there is enough pent up demand, which should make it easy to attract renters.
We invest in C / C - areas, where people tell us horror stories of slumlords, and ya know what... we make our rentals 10x nicer than the others, and because of that, we have
incredibly low vacancy rates because of the higher quality product.
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.
«The downtown Vancouver office market currently sits at near -
record low vacancy rates, with mounting pressure on availability of quality space.»
RealtyTrac analyzed ZIP codes across the country to identify «hyper - local hipster» markets that offer investors solid returns on rental properties and
boast low vacancy rates.
«With
continued low vacancy rates and a steady demand for rental units in the East Village District, we see this project as a fantastic opportunity to add to the vibrancy of this neighborhood.»
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.
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.
Marcus & Millichap
predicts lower vacancy rates and higher asking rents in the state's major markets as the economy slowly recovers and tourism rebounds.
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.
However, its strong university and educational foundation, rapid growth rate and
low vacancy rate demonstrate that Lethbridge will provide strong long - term returns on real estate investment in the years to come, says REIN.
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.
«Overall commercial real estate leasing activity continued to grow in most markets during the closing months of 2012, which is
modestly lowering vacancy rates in all of the commercial sectors early this year.»
Tenants may think the government is looking out for tenant interests, but if that was true there would be no pandemic housing shortage, multiple offers, outrageous selling prices,
extremely low vacancy rates, high rental tenant property taxes and eight - year affordable housing wait lists.
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.
District of Columbia retained its title as the tightest market (as measured
by lowest vacancy rate) with a 9.4 percent vacancy rate at the end of the third quarter of 2014, down 20 basis points from one year ago.
Impressive annual job growth (3.91 percent, the fourth - highest in the U.S.),
moderately low vacancy rates (4.00 percent, 14th - lowest in the U.S.), and steep property value appreciation (8.95 percent, 11th - highest in the U.S.) also indicate how exceptionally strong demand currently is for Seattle housing.
«The deal highlights the recent uptick in the market due to
record low vacancy rates and the availability of low interest, multifamily loans,» said Berger.