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.
Not exact matches
Total
office vacancy for Washington D.C. stands at 12.5 percent, according to JLL, and year - to - date net absorption is at negative 218,756 sq. ft. Overall
vacancy decreased eight basis points in the first quarter, however, because 390,286 sq. ft. of existing
office space was demolished.
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.
«The past few years have been booming in Atlanta, but with the technology decline there has been a noticeable increase in
office vacancy rates; the apartment occupancy rates have been touched by the
decrease in the number of jobs created each year; all of which are affecting the retail market.»
With monthly rent rates increasing,
vacancy rates
decreasing, and an average revenue of $ 2,952 per property managed by Real Property Management
offices, it's a great time to be in the property management industry.
Vacancy rates are projected to
decrease slightly for
office and retail over the next three years.
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.
National
vacancy rates in the
office sector are set to
decrease to 12.1 percent, while those in the industrial space and retail sectors are set to
decrease to 7.1 percent and 11.2 percent, in order.
The survey results predict that
vacancy rates will continue to
decrease modestly for
office and retail over all three forecast years.
«The Suburban Maryland
office market's positive absorption and
decrease in
vacancy rates foreshadow our anticipated gradual improvement in the
office market throughout 2018.»
Vacancy rates are expected to continue to
decrease modestly for
office and retail over all three forecast years.