Persistent lackluster U.S. job growth was behind the 0.1 percentage point U.S.
office vacancy rate decline.
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.
Not exact matches
Reis» preliminary forecast for 2014 calls for
office -
vacancy rates to
decline by roughly half a percentage point by year's end and asking rents to increase 2.8 %, the largest gain since 2007.
Conditions in the
office market continued to be soft over the first half of the year, with the national
vacancy rate rising and effective
office rents
declining.
Looking at commercial
vacancy rates from the third quarter of this year to the third quarter of 2012, NAR forecasts
vacancies to
decline 0.3 percentage points in the
office sector, 0.6 points in industrial real estate, 0.7 points in the retail sector, and 0.9 percentage points in the multifamily rental market.
The CBDs that suffered the largest rent
declines since 2001 — San Jose, San Francisco, Oakland, Boston, Austin, and Seattle — generally have recorded an improvement in the
office vacancy rate, but there are some exceptions.
The U.S.
office vacancy rate has continued to steadily
decline, moving from 10.7 percent in 2015 to 10.4 percent in 2016.
The national
vacancy rate for the
office sector fell to 16.8 percent in the second quarter, a 10 basis point
decline over the first quarter of the year.
National
vacancy rates declined and net absorption inched upward, indicating healthy market fundamentals in the
office sector.
«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.»
Vacancy rates in the
office sector are expected to
decline from a projected 15.6 percent in the fourth quarter to 15.4 percent in the fourth quarter of 2014.
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.
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...
Vacancy rates in the
office sector are forecast to
decline from 16.5 percent in the first quarter of this year to 16.0 percent in the first quarter of 2012.
Historically, the downward path of the cycle in the
office property market has occurred, because just when this large pipeline started coming out in the market, demand was weakening, thus creating oversupply conditions, with
vacancies rising, and rents, cap
rates and values
declining.
On the contrary, when the local
office market is weak, with low absorption, high
vacancy rate and
declining rents
office capitalization
rates are low.
Vacancy rates in the
office sector should
decline from a projected 15.7 percent in the second quarter to 15.6 percent in the second quarter of 2014.
While
vacancy rates were on the
decline over the past year (from 5.60 per cent in the fourth quarter of 2007 to 4.50 per cent in 2008) and rents continued to escalate ($ 21.36 to $ 22.90 per sq. ft. for the same period), softening demand due to weak economic conditions and the expected supply of several million square feet of new
office space will pose challenges for some of the prestigious towers in Toronto's financial district during 2009 and 2010.
Looking at commercial
vacancy rates from the fourth quarter of this year to the fourth quarter of 2012, NAR forecasts
vacancies to
decline 0.6 percentage point in the
office sector, 0.4 point in industrial real estate, 0.8 point in the retail sector and 0.7 percentage point in the multifamily rental market.
Office —
Office vacancy rates are expected to continue
declining, bringing the
vacancy rate below the 20 - year average, to 13.3 percent in 2015, 12.7 percent in 2016, and 12.3 percent by the end of 2017.