Sentences with phrase «office vacancy»

The national office vacancy rate declined by 10 basis points during the first quarter to 17 percent, marking exactly the same pace as the decline recorded in the prior quarter.

National office vacancy rates are forecast to slightly decrease 0.1 percent over the coming year as improved hiring increases the demand for office space.

Since 1993, when the national downtown and suburban office vacancy rates were bubbling under the 20 % mark, vacancy rates steadily decreased.

While office vacancy rates have also been dropping, in most markets there is still too much empty space to justify new building.

But the local employment picture affects far more than just office vacancies; it touches every major property type.

National office vacancy rates are forecast to remain unchanged over the coming year, mostly due to added inventory entering the market.

This rate of job growth, if it persists, should be strong enough to start pushing down office vacancy rates.

Overall office vacancy in the city averaged 8.5 percent, and average asking rent is $ 35.60 per sq. ft.

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.

A closer look at the results reveals a national downtown office vacancy rate of 6.2 per cent at mid-year 2011 — down 200 bps from one year ago.

He says CBRE plans to release third quarter data soon that lists Detroit class - A office vacancy at about 15 percent, a vast improvement over the more than 30 percent vacancy rate the city registered during the recession.

As overall office vacancy dropped to 15.6 percent, rents ticked up 3.7 percent to $ 2.78 per sq. ft., from $ 2.72 per sq. ft. the previous year, and nearly 2.3 million sq. ft. of new office space got under construction.

U.S. office vacancy rates remained close to a four - year in the first quarter, rising to 12.6 percent from 12.5 percent the previous quarter, according to New York - based Cushman & Wakefield.

Total office vacancy in East Plano averaged 18.9 percent in the fourth quarter of 2016, according to real estate services firm CBRE, and year - to - date net space absorption in the city was 1.78 million sq. ft.. That breaks down to 1.2 million sq. ft. for class - A space and 483,000 sq. ft. for class - B space for the year.

Office vacancy fell to 13.5 percent in the third quarter, according to a market report from commercial real estate services firm CBRE, a decline of 80 basis points from 14.3 percent in the third quarter of 2014.

Class - A office vacancy rate in the CBD sits at 14.4 %, below the national average but the highest level in three years, according to CoStar Group Inc..

Meanwhile, Torto identified a few troubled areas where high office vacancy rates and negative job growth have paralyzed the commercial real estate market.

Though the region is adding jobs, office vacancy remained at over 11 percent in the second quarter, according to Delta Associates, as government agencies and private employers continue to downsize into smaller spaces.

Cushman & Wakefield PICOR's Rick Kleiner, MBA, won the 24th annual Southern Arizona CCIM Forecast competition for most accurately predicting the Tucson office vacancy at year end.

Office tenants mindful of uncertainty and turmoil expected in the year ahead exercised caution with expansion plans in the first quarter, resulting in a slight increase in office vacancy as new supply came on - line...

Office stock is seeing limited inventories and dated product filled up with tenants, except for Montreal, where office vacancies approach nine per cent.

According to the ULI report, a survey of 43 of the commercial real estate industry's top economists and analysts, the national office vacancy average should drop to 13 percent by the end of the year, 12.5 percent next year and 12 percent by 2017.

The Property Council study found there had been a fall in office vacancies from 11.6 per cent at the start of the year to 11.1 per cent — against the national trend towards increased vacancy levels.

The office tenant base is growing faster than new development can keep up with, forcing the national office vacancy down in the third quarter to its lowest point since the recession and pushing up rental rates.

Over the course of the past year, as oil prices hovered near the $ 30.00 per barrel mark, cities that rely on the energy sector for their economies, including Houston, Dallas, Denver and Tulsa and Oklahoma City, Okla., experienced office vacancies...

The city's office vacancy reached record lows in recent years and now hovers at 4 percent for Class A space in downtown, according to brokerage CBRE.

To end the year, office vacancy decreased slightly to 12.1 percent, down from 12.3 percent in the third quarter and 12.6 percent a year ago, according to CBRE Research.

Assembly Democrats have the vast majority of the votes in a special session and there is case law precedent for them appointing replacements in statewide office vacancies.

He noted that there may be a second elected office vacancy nearby soon, as NY State Assembly Member Karim Camara is expected to resign his seat and join the Cuomo administration, and suggested that special elections filling those two vacancies should occur on the same day.

Office vacancies jumped from 8.6 % in first - quarter 2001 to 14.7 % in first - quarter 2002, according to Reis, which tracks an inventory of approximately 3.2 billion sq. ft. (see NREI's June 2002 issue).

Double - digit office vacancy rates typically have a way of restraining even the boldest developers.

Driven by employment growth, Canadian office vacancy rates have decreased, while rates in the U.S. have stalled relative to one year ago, says Avison Young's Mid-Year 2011 Canada, U.S. Office Market Report.

Buying office vacancy has become the next frontier in a rejuvenated investment sales market, an almost incomprehensible notion among most real estate investors a year ago...

In the third quarter, office vacancies stood at 16.8 % and apartment vacancies were 6.6 %, according to research firm Reis Inc..

New demand has pushed office vacancy down to about 13.5 percent, according to a recent report by Colliers International.

Acton of AEW believes it could be 2004 or even 2005 before office vacancy rates return to 10 %, or the point of equilibrium.

The national office vacancy level of 16.2 % recorded during the third quarter of this year is at the same level it was in the third quarter of 1994, according to Torto, which is when the office market was just beginning to recover.

In fact, Orange County experienced negative absorption of about 1.4 million sq. ft. for the year through the end of the third quarter, and office vacancy shot up more than 300 basis points to 11.5 %, according to Grubb & Ellis.

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.

Office Markets Office vacancy rates are forecast to remain unchanged at 15.7 percent through the third quarter of 2015.

Chicago's CBD office vacancy declined by almost half a percentage point during the first quarter, according to a report from CB Richard Ellis.

Office vacancies crept up 20 basis points to reach 13 % in the second quarter, according to New York - based Reis, but that's still well below the vacancy rate of 16 % in early 2005.

Between the beginning of 2000 and 2003, U.S office vacancy nearly doubled from 8.6 % to 16.9 % according to Fitch...

In the Silicon Valley, rents went up by 28.1 percent since the second quarter of 2013, to $ 49.20 per sq. ft. Office vacancy here averages 7.0 percent.

(Reis calculated office vacancies for both those cities in the low - 9.0 percent range.)