Sentences with phrase «office vacancy rate of»

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.

U.S. office vacancy rates of almost 16 percent in third quarter 2002 have made landlords more pessimistic about the prospects of a recovery in 2003, says Reis Inc..

Not exact matches

In Beijing, where the official commercial vacancy rate is 30 % but approaches 50 % in many pockets, developers go to great lengths to make empty buildings look occupied, going so far as to paint silhouettes of office workers in stairwells.

With a reputed vacancy rate of less than 2 % on more than 40 million square feet of industrial, office and retail property in the GTA, the company is known for moving fast, despite the high - octane distraction of the Canadian Tire Motorsport Park, Fidani's pet project.

CB Richard Ellis director of office leasing Andrew Denny said that even these figures masked an unrealistically high future CBD vacancy rate.

Anthony Scott, director of research with Barclay Street, said the first - quarter vacancy rate in Calgary's suburban office market was 17.7 per cent.

The suburban office sector ended last year with an average vacancy rate of 9.3 percent, compared to 12.3 percent for the central business district (CBD), reports Valuation International, Ltd., (VIL) of Atlanta in its publication Viewpoint 1998.

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.

With vacancy rates shrinking and rents climbing, developers see a safe bet in a city with a lot of condos, but not a lot of offices

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.

Salesforce's lease is expected to accelerate improvements to Downtown Indianapolis» office market, which for years has had a vacancy rate of around 20 percent.

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.

Lots of commercial office building complexes so I wonder how stable vacancy rates are due to supply?

Data tell another story: Job growth in Erie and Niagara counties last year lagged behind the nation and rest of the state, the downtown office vacancy rate rose last year and poverty in the city of Buffalo — like its sister city Rochester — is climbing and ranks among the worst in the United States.

The Platinum Mile, a section of Interstate 287 in Westchester County, is fighting to reduce its Class A office vacancy rate, which now sits...

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The deal, with an estimated annual yield of about 6.4 percent, reflects the surprising strength of the investment market for suburban office properties, despite rising vacancy rates.

Still the analysis clearly demonstrates the importance of having this third indicator for analyzing market conditions and for monitoring office employment trends over time to get a better, more rounded sense of the local market than vacancy rates and rent trends alone can provide.

With the current national office vacancy rate for all classes of space hovering between 14 % and 16 %, landlords these days are as intent on signing and retaining tenants as Shaquille O'Neal is on winning NBA championships.

In New York the office vacancy rate, at about 4 percent, was one of the tightest in the country.

Vacancy rates in the office sector are forecast to fall from 16.6 percent in the third quarter of this year to 16.3 percent in the third quarter of 2012.

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.

In addition to San Francisco's five - point drop in the vacancy rate to 12.6 % between the second quarters of 2004 and 2005, the city was expected to add 4,600 office jobs by year's end, according to the San Francisco office of Newmark Pacific, a full - service real estate firm.

With less than half of that total space built, the direct vacancy rate in downtown office buildings was 15.5 % in the second quarter, up from 14.1 % during the same period a year ago, reports CB Richard Ellis.

According to the report, Canada's office vacancy rate reached 7.8 per cent at the midway point of 2011, down from 9.9 per cent at mid-year 2010 and 8.4 per cent at mid-year 2009.

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

Though the technology sector might be the heart of today's office leasing activity, in Boston the life sciences sector is the life blood, as the city's market attracted eight of the industry's top 10 firms and is currently experiencing an average vacancy rate of only 5.5 percent.

The city's office - vacancy rate jumped in the second quarter by the most since the last recession, while the amount of space available for sublease almost doubled, according to a report to be released this week by brokerage Cushman & Wakefield Inc..

The national office vacancy rate for all classes of space in the central business districts (CBDs) rose to 14.4 % in the third quarter, up from 10.6 % during the third quarter of 2001, according to New York - based Cushman & Wakefield.

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 %.»

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.

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.

According to New York - based Reis Inc.'s survey of the top 50 office markets, the vacancy rate grew by 0.4 % to 15.7 % in the third quarter, compared with a 0.6 % increase in the second quarter and a 1 % jump in the first quarter.

«Robust office demand is expected to continue to outpace new supply in the near future, leading to further tightening of the vacancy rate and keeping rent growth above inflation in a majority of U.S. office markets.»

The stubbornly soft office market, which posted a national vacancy rate of 14.4 % in the third quarter, according to CB Richard Ellis, faces a long - term challenge.

The stubbornly soft office market, which posted a national vacancy rate of...

For instance, Nashville has one of the lowest vacancy rates for office — 7.7 percent, I think.

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

«We see the office vacancy rate climbing toward the end of the year, which is something we've been anticipating as job creation slows,» says Sam Chandan, chief economist for Reis, a New York - based commercial real estate research firm.

And with 4.4 million sq. ft. of office space scheduled to be completed this year, the vacancy rate for offices could nudge above 20 % for a brief period, he said.

«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.

In the fourth quarter of 2012, the vacancy rate at medical office properties nationwide averaged 11 percent, according to research by Newmark Grubb Knight Frank.

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.

Our rankings were based on a number of metrics, including average vacancy rates for medical office properties, rents per sq. ft., building sales volumes, prices per sq. ft. and volume of recent space completions.

According to local officials, class - A office buildings in the area have a vacancy rate of 5.0 percent.

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.