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 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).
Not exact matches
«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.
These
lower vacancy and long - term unemployment
rates suggest that employers are having an easier time finding employees with the right skills in the Americas compared to earlier years.
In cities with
low vacancy rates, the system can
suggest raising prices.
«The
vacancy rate is still
low, which would
suggest some continued pressure on rents to rise, but they've risen so fast I think we're in a bit of a correction period.