Reis places San Francisco as having the third
lowest office vacancy rate in the country at the moment, with 10.2 percent, following New York City and runner - up Washington, DC.
Just a few short years ago, real estate experts were warning that Toronto was building far too much office space downtown, but observers are changing their tune now that the latest rental figures show the city has
the lowest office vacancy rate of any major centre on the continent.
The markets with
the lowest office vacancy rates are Washington, D.C. and New York City and cities with the highest are Detroit and Dayton, Ohio.
The markets with
the lowest office vacancy rates in the first quarter are Washington, D.C., at 8.7 percent; New York City, 9.0 percent; Little Rock, Ark., and Seattle at 11.5 percent; and San Francisco, at 12.0 percent.
The markets with
the lowest office vacancy rates currently are New York City and Honolulu, with vacancies in the 8 to 9 percent range.
The markets with
the lowest office vacancy rates presently are Washington, D.C., with a vacancy rate of 9.3 percent; New York City, at 10.3 percent; and New Orleans, 12.8 percent.
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.
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.
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.
The takeaway from this exercise is that
office employment does serve as a highly reliable market indicator, but more so when
vacancy rates are
lower than the national average.
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 %.»
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.
For instance, Nashville has one of the
lowest vacancy rates for
office — 7.7 percent, I think.
Office leasing declined in New Jersey in the first quarter, but the state's office vacancy rate is the lowest in nine years, according to the Wall Street Jo
Office leasing declined in New Jersey in the first quarter, but the state's
office vacancy rate is the lowest in nine years, according to the Wall Street Jo
office vacancy rate is the
lowest in nine years, according to the Wall Street Journal.
Real estate services firm Transwestern's fourth - quarter
office report noted 31 quarters of positive absorption and a
vacancy rate of 11.5 percent, a 10 - year -
low.
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.
Office leasing declined in New Jersey in the first quarter, but the state's office vacancy rate is the lowest in nine ye
Office leasing declined in New Jersey in the first quarter, but the state's
office vacancy rate is the lowest in nine ye
office vacancy rate is the
lowest in nine years...
The trio discussed changes in the retail sector due to shifting consumer preferences, the downsizing of
office properties to accommodate a growing millennial workforce, the booming industrial sector buoyed by e-commerce and enhanced trade, and strong multi-family performance leading to
lower vacancy rates.
On the contrary, when the local
office market is weak, with
low absorption, high
vacancy rate and declining rents
office capitalization
rates are
low.
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.
The national
vacancy rate for medical
office buildings (MOBs) fell to an all - time
low in 2017 while sales volume rose and capitalization (cap)
rates fell.
The downtown Chicago
office vacancy rate dropped in the third quarter to a 10 - year
low of 10.7 percent from 11.1 percent in the previous quarter and 13.9 percent a year earlier, according to CB Richard Ellis, a commercial real estate firm.
On CBC Radio's Metro Morning Thursday, Morassutti outlined why he thinks Toronto's downtown
office vacancy rate has dropped below five per cent, ahead of San Francisco, mid-town Manhattan and Boston as the
lowest in North America, according to figures from his company which is the world's largest commercial service provider selling and leasing real estate.
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.
; •
Vacancy rates are expected to drop in a range of between 1.2 and 3.7 percentage points for
office, retail, and industrial properties and remain stable at
low levels for apartments; while hotel occupancy
rates will likely rise; • Rents are expected to increase for all property types, with 2012 increases ranging from 0.8 percent for retail up to 5.0 percent for apartments.
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.
Canada's
office market is well positioned going into the projected recession, thanks to its strong performance during recent years that drove
vacancy rates down to historically
low levels and continued to drive rents higher through 2008, says an analysis by Colliers International.
The expected delays in new
office projects due to the tight lending conditions developers are facing, coupled with
low vacancy rates, may push tenants to the suburbs to solve any short - term demand issues, says the report.
This percentage is referred to as structural, or natural or normal
vacancy rate and it differs by property type (
lower for apartments / housing and higher for
office).
The apartment
vacancy rate is expected to be stable near its recent historical
lows, while
vacancy rates in the
office, industrial and retail sectors are projected to edge down.