Sentences with phrase «low vacancy rates of»

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.

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.

With the lowest vacancy rate of the 15 metros studied, the San Jose metro has very little slack to incorporate the additional workers.

The city has a fairly low vacancy rate of 3 %, with rent on a two - bedroom apartment averaging $ 1,060 a month.

This was unsupported by evidence other than localised increases in real rents in both Perth and Sydney, which also had the lowest vacancy rates of all capital cities at the time.

For instance, the National Association of Realtors reports that in 2014, San Jose, CA had a low vacancy rate of 4.0 %, while Ocean City, NJ had a high vacancy rate of 58.4 %.

Prior to that, Downtown Vancouver, which consists of 22.7 million square feet of office space, had posted one of the lowest vacancy rates of any metropolitan core in Canada for the past decade.

Rents are expected to plateau at the current $ 32 per sq. ft. levels and a low vacancy rate of 3.80 per cent (as of September 2008) should provide some stability in the months to come.

Not exact matches

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.

«Despite the fact that Metro Vancouver has one of the lowest vacancy rates, we're still the third-most affordable in North America, which would suggest that perhaps we've got some runway in terms of rental - rate appreciation,» Trepp said while leading a panel discussion on the office market.

«On the other hand, investors are planning to hold onto their rental properties for at least eight to ten years and realize the benefits of rising rents and low vacancy rates.

Low vacancy rates in office spaces are important to the continuing success of both the cleaning and carpet cleaning sectors, as they depend on getting most of their business from offices and commercial buildings.

Available indicators of rental rates and vacancies of residential property are volatile and vary considerably across capital cities but, in general, they provide tentative signs of a mild easing of growth in rents; vacancy rates have picked up a little in some cities, but they remain low.

In line with this, vacancy rates for rentals across Canada are exceptionally low, particularly in certain parts of British Columbia where vacancy rates have dipped to a record low of 0.3 per cent.

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.

«As we continue working with HUD on increasing affordability and other critical housing goals, we appreciate that HUD heard our request for a policy that takes into account the unique needs of NYC, and other cities with low vacancy rates, and that the unintentional but real harm posed by the proposed SAFMR rule will be averted.

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.

Demand lowered the Manhattan vacancy rate from 12.8 percent at the end of the recession in 2009 to 9.7 percent in 2015.

Vacancy (Screen Gems, April 20) Starring: Luke Wilson, Kate Beckinsale, Frank Whaley, Ethan Embry Director: Nimród Antal Rating: NR The Pitch: After their car breaks down, a married couple (Wilson and Beckinsale) wind up in an isolated motel, where their evening of watching low - budget slasher films is ruined by the discovery that said films were all made in their room.

For reducing the achievement gap between the Atlanta Public Schools and the State of Georgia, lowering the dropout rate, cutting back the number of teacher vacancies, and renovating and consolidating some of Atlantas schools, Atlanta superintendent Dr. Beverly L. Hall earned the 2006 Richard R. Green Award, the nations highest honor for urban education leadership, at the Council of the Great City Schools 50th Annual Fall Conference.

The number of new teachers entering the profession in England has dropped to its lowest rate in five years — while vacancy rates continue to rise.

«We're investing hundreds of millions in teacher recruitment and the vacancy rate has remained low at around 1 % over the last 15 years,» said an education department spokesman.

Although the NAO states these figures are still relatively low, the DfE has admitted they only reveal part of the picture because data is taken in November when vacancy rates are considered small.

Statistics Canada reported in 2012 that Canada's overall vacancy rate was 2.8 % and of the major urban centres, Calgary's was the lowest at 1.3 %.

For those living in Toronto or Vancouver — or in Regina, Thunder Bay and Calgary, where vacancy rates are an astonishingly low 1 % to 1.3 % — the possibility of finding a two - bedroom apartment for $ 1,600 in the downtown core may seem ridiculous.

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.

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).

In fact, if you dig into other parts of the REI database, what you find is that vacancy rates were unusually low at that time before negative gearing was abolished.

If you're among the 35 million American households who rent, here's some good news: the red - hot rental market of the past couple of years — fueled by home foreclosures, the uncertain housing market, and low vacancy rates — appears to tapering off.

That creates a big demand for rental properties, resulting in one of the lowest vacancy rates in the country and slowly rising rent prices.

Due to these demands, North Dakota experiences one of the lowest rental vacancy rates in the nation.

In New York City, Midtown Manhattan and Midtown South had two of the lowest vacancy rates in the country, at 7.8 percent and 6.2 percent, respectively.

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... thvacancy rate for the area but have asked my broker and was planning on using a 7 % Vacancy rate, but that may be too low... thVacancy rate, but that may be too low... thoughts?

Two factors supporting price increases are the low inventory of homes for sale and the low vacancy rate among owner - occupied housing.

Despite the construction activity, retail vacancy rates are at its lowest point in a decade with overall shopping center vacancies dipping to 7.3 % during the second quarter, according to a CB Richard Ellis survey of properties 50,000 sq. ft. and greater.

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.

The vacancy rate as of August was 3.6 %, the national low, and there are at least three large users seeking space that will result in new construction.

Along with robust corporate profits and healthy balance sheets, as the economy continues to improve, positive absorption and low levels of construction are expected further to bring down the vacancy rate going forward.

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.

Apartments, lofts, condominium and residential mixed - use developments are the biggest investor plays due to high demand, low vacancy (3.8 percent), elevated rental rates, and the return of a strong condo market.

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).

At the epicentre of Toronto's financial district and with one of the lowest historical vacancy rates in Canada, Bay Street is home to many international banks, financial companies such as hedge funds and securities companies, as well as law firms.

The large base of owner - occupied facilities tends to lower vacancy rates in multi-tenant space.

From his Los Angeles office, Craig Meyer, SIOR, sits in the middle of an exceptionally - tight industrial real estate market, featuring what the 2008 - 09 SIOR President says is a «16 - year - low in vacancy» with rates «under 2 %.»

And while occupancy rates and rental prices have risen, the pipeline of new housing has been lacking, so vacancy rates have dropped to all - time lows in many parts of the country.

Still, the city's office - vacancy rate remains well below the national average of 13.5 percent, and its first - quarter rate of 5.7 percent was the lowest in the country.

Damage caused by low oil prices has certainly been felt in the state's Northern market, but even that market has shown resilience, with second - quarter 2016 vacancy rates at 4.8 percent and 114,000 sq. ft. of positive absorption in the first half of the year.

Prologis executives note that their examination of top markets and the firm's own holdings show that global industrial vacancy rates should remain low, and rents high, for the next several years.

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.

For retail landlords, apparel and department - store closures have so far been offset by the store growth of other kinds of chains such as dollar stores and off - price retailers, which have kept vacancy rates low.