Jay Kerner: U.S.
office vacancy rates dropped in 2014 and expected to continue this trend in 2015.
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.
Not exact matches
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 development grounded, rents
dropping and
vacancy rates hovering around 20 percent, the Chicago
office market remains mired in the downturn.
On CBC Radio's Metro Morning Thursday, Morassutti outlined why he thinks Toronto's downtown
office vacancy rate has
dropped below five per cent, ahead of San Francisco, mid-town Manhattan and Boston as the lowest in North America, according to figures from his company which is the world's largest commercial service provider selling and leasing real estate.
NAR predicts that the national
office vacancy rate will
drop 1.1 percentage points to 12.1 percent this year.
; •
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.
The national
office vacancy rate will
drop from the current 6.2 per cent by the fourth quarter of 2008 to 5.6 per cent as...