Presently, markets with
the lowest retail vacancy rates include San Francisco, 3.5 percent; Fairfield County, Conn., at 4.2 percent; and Orange County, Calif., 5.2 percent.
Currently, the markets with
the lowest retail vacancy rates include San Francisco, at 3.5 percent; Fairfield County, Conn., 3.9 percent; San Jose, Calif., 4.6 percent; Long Island, N.Y., 5.2 percent; and Orange County, Calif., at 5.3 percent.
Presently, markets with
the lowest retail vacancy rates include San Francisco, 3.7 percent; Long Island, N.Y., and Northern New Jersey, each at 5.7 percent; and San Jose, Calif., at 6.0 percent.
Presently, markets with
the lowest retail vacancy rates include San Francisco, 3.6 percent; Fairfield County, Conn., at 4.1 percent; and Long Island, N.Y., and Orange County, Calif., each at 5.3 percent.
Markets with
the lowest retail vacancy rates currently include San Francisco; Miami; Honolulu; and Long Island, N.Y., all with vacancies in the 7 to 8 percent range.
Presently, markets with
the lowest retail vacancy rates include Fairfield County, Conn., at 3.9 percent; San Francisco, 4.0 percent; Long Island, N.Y., 5.2 percent; and Northern New Jersey at 5.3 percent.
Currently, the markets with
the lowest retail vacancy rates include San Francisco, at 3.0 percent; Fairfield County, Conn., and San Jose, Calif., at 4.5 percent; Long Island, N.Y., 4.9 percent; and Orange County, Calif., at 5.0 percent.
The past year was bustling for Long Island's residential and commercial real estate markets, with high demand for homes, consistent office rents, relatively
low retail vacancies and continued demand... [more]
Markets with
low retail vacancy rates include San Francisco and Long Island and ones with high rates are Dayton and Tulsa, Okla..
Not exact matches
Vacancy rates amongst Bristol
retail properties remain
low.
In Memphis,
retail vacancy is
low, with practically no space available in high - quality projects, says Terry McEwen, president of The Poag & McEwen Group, Memphis.
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.
We are excited to bring a variety of new, top quality
retailers into this exceptionally vibrant
retail environment that has continued to thrive with consistent high levels of traffic, top of industry sales volumes and
low vacancies,» said Randy Levinson of Shamrock Group
Until more and better jobs are created,
retail sales will remain listless, demand will remain
low and the
vacancy compression will be slow and tedious.
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.
That
low supply, coupled with demand from better - performing
retailers for quality space, helped push rents across all types of
retail real estate higher and
vacancy rates down to about 10 percent at the end of 2015 from 11.1 percent in 2011 — as
retailers slowly shrugged off the recession's
vacancy spike.
With
retail rents on the rise due to record -
low vacancies, and e-commerce continuing to generate more sales, more stores going dark is inevitable, said Marshal Cohen, chief industry analyst at NPD Group.
Outside of urban centers, owners of
lower - tier malls are spending more cash up front to avoid
vacancies and accommodate restaurants and entertainment venues, which are costly to build and are replacing many traditional
retailers hurt by online shopping, Green Street said in report this month.
According to Kalla, «
Retail listed funds have much
lower vacancies compared to offices for example, which is quite volatile at the moment.
One of the market driving forces is the growing appetite for modern office and
retail space in the key hubs where
vacancy levels are considerably
lower than in B - grade properties — especially older buildings in outlying suburbs — and these investors are likely to come under increasing pressure.
«This is why industrial
vacancy is so
low,» Tolliver notes, adding that growth in the
retail logistics sector will continue to be a boon for the industrial sector for the foreseeable future.
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.
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.
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.
Retail space in the Inland Empire was bifurcating at the end of the year, with properties built since 2010 commanding higher rents and enjoying
lower vacancies than the overall market, according to a Q4 2017 report from NAI Capital.
Improvements in the global economy have lifted consumer and
retailer confidence, prompting landlords to push for higher rents because
vacancy is
low in the best shopping centers and districts.
Retail construction has been modest throughout the recovery, helping to drive vacancy lower despite the ongoing disruption from e-commerce facing retail owners natio
Retail construction has been modest throughout the recovery, helping to drive
vacancy lower despite the ongoing disruption from e-commerce facing
retail owners natio
retail owners nationwide.
The report underlines several potential benefits to incorporating these design initiatives into commercial development, including higher demand,
lower vacancies, and a reduced need to make significant changes to accommodate different types of
retailers down the road.
; •
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.
«Even though there is a lot of
retail development under way, in most Canadian markets there is very
low vacancy and there has been an increase in lease rates,» says James Smerdon, Vancouver - based director of
retail and consulting with Colliers.
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.
«San Diego's
retail vacancy rate is
low compared to the national average, and delivery of new space is limited,» said Cunningham in a statement.
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.
«Until the economy begins to create more and better jobs,
retail sales will remain listless, demand will remain at
low levels and the
vacancy compression will be slow and tedious.»
Scott Holmes, senior vice president & national director of the National
Retail Group at Marcus & Millichap shows that «the national average
vacancy rate now stands at its
lowest level since the 1990s.