Compared to Downtown Brooklyn's 3.4
percent vacancy rate at the end of the second quarter, Midtown Manhattan's vacancy rate stood at 8.9 percent and Lower Manhattan's at 10.3 percent, while the notoriously tight Midtown South market's vacancy rate was 6.2 percent.
District of Columbia retained its title as the tightest market (as measured by lowest vacancy rate) with a 9.4
percent vacancy rate at the end of the third quarter of 2014, down 20 basis points from one year ago.
Not exact matches
At the same time, the
vacancy rate last month — 2.5
percent — was the highest seen for July in the last nine years, according to the report.
Memphis ended 2017 with an overall
vacancy rate of 14.8
percent, which is up slightly from where the year started
at 14.5
percent — the highest level in three years.
The
vacancy rate must remain
at or below 5
percent to justify rent regulation.
New York City's residential
vacancy rate has been recently reported
at less than 3
percent.
Williams said the city's
vacancy rate is
at 3.45
percent which, combined with steadily increasing rents, shows the city is currently in a «housing crisis.»
For Westchester County, the retail
vacancy rate at the end of the second quarter was 4.5
percent, unchanged from a year ago, according to Admiral Real Estate Services.
Demand lowered the Manhattan
vacancy rate from 12.8
percent at the end of the recession in 2009 to 9.7
percent in 2015.
Borders» move to close about one - third of its stores earlier this year increased the collective
vacancy rate of shopping centers that contained a Borders to 9.3
percent from 4.2
percent, estimated Chris Macke, senior real estate strategist
at CoStar Group, the nation's largest provider of real estate data.
Columbus» low rental
vacancy rates and its RPP
at 5.5
percent below the national average make it the last city on the list to round out the top 10.
That's important because Denver has its lowest apartment
vacancy rate ever,
at around four
percent.
Also, any
vacancy in her rental property will put a serious crimp in her cash flow (
at an interest
rate of 4
percent and interest - only payments, Sue needs to net $ 933 every month just to break even).
That's important because Denver has its lowest apartment
vacancy rate ever,
at around four
percent.
Alaska as a whole experiences a 5.62
percent rental
vacancy rate, and in areas such as Anchorage it is even lower
at just over 4
percent, making the state appealing for potential landlords to meet demand.
In New York City, Midtown Manhattan and Midtown South had two of the lowest
vacancy rates in the country,
at 7.8
percent and 6.2
percent, respectively.
In New York the office
vacancy rate,
at about 4
percent, was one of the tightest in the country.
So it's not surprising that with a 14.3
percent jump in imports during 2010, according to Mario Moreno, economist with The Journal of Commerce, the overall national industrial
vacancy rate fell to 10.2
percent at the end of first quarter of this year, down from 10.3
percent at the end of 2010, according to Cushman & Wakefield.
At present, the areas with the lowest industrial vacancy rates are Los Angeles, with a vacancy rate of 5.5 percent; Orange County, Calif., 6.2 percent; and Miami at 8.9 percen
At present, the areas with the lowest industrial
vacancy rates are Los Angeles, with a
vacancy rate of 5.5
percent; Orange County, Calif., 6.2
percent; and Miami
at 8.9 percen
at 8.9
percent.
Currently, the homeowner
vacancy rate is 1.6
percent compared to an average of 2.1
percent since 2000; it peaked in 2010
at 2.7
percent.
Areas with the lowest multifamily
vacancy rates presently are Minneapolis, 2.5
percent; New York, 2.8
percent; and Portland, Ore.,
at 2.9
percent.
After peaking
at 8.0
percent in the first quarter of 2010, the national apartment
vacancy rate declined 240...
Vacancy rates now stand
at 8.2
percent — a 13 year high.
- ft. operations center there, and Google leased 208,000 sq. ft. in the city's Central Business District (CBD),
at 500 W. 2nd St.. The downtown
vacancy rate dropped to 7.3
percent in the second quarter, down from 10
percent in June 2014, according to a recent report from real estate services firm Avison & Young.
By contrast, the retail sector's
vacancy rate for 2003 is pegged
at 8.1
percent and apartments
at 6.7
percent.
Currently, the
vacancy rate for mid-priced shopping centers in prime submarkets that include East Nanjing, West Nanjing, Middle Huaihai, Xujiahui and Lujiazui is
at an ultra-low 4.2
percent.
New renters absorbed roughly the same net number of apartments, leaving the
vacancy rate at 4.2
percent, the same as in the fourth quarter, according to Reis.
The national
vacancy rate for office properties remained unchanged during the fourth quarter
at 16.9
percent.
For example, leases
at 407,000 sq. ft. Kahala Mall in east Honolulu or 1.2 million sq. ft. Pearlridge Mall, both of which have a
vacancy rate of approximately 5
percent, range from $ 2 per sq. ft. to $ 3 per sq. ft.
Damage caused by low oil prices has certainly been felt in the state's Northern market, but even that market has shown resilience, with second - quarter 2016
vacancy rates at 4.8
percent and 114,000 sq. ft. of positive absorption in the first half of the year.
The
vacancy rate at neighborhood and community centers reached another new 17 - year high, hitting 10.3
percent.
Renter
vacancy rates mirrored those of homeowners: highest outside metro areas
at 9.6
percent followed by inside principal cities
at 6.9
percent and in suburban areas
at 6.0
percent.
The homeownership
rate rallied slightly
at 63.5
percent in the third quarter, higher than the 62.9
percent rate in the second quarter — the lowest point in more than 50 years, according to the U.S. Census Bureau's Quarterly Housing
Vacancies and Homeownership report.
Homeowner
vacancy rates were highest outside metro areas
at 2.5
percent, followed by inside principal cities
at 1.9
percent and in suburban areas
at 1.5
percent.
According to JLL, the
vacancy rate nationally stood
at 5.2
percent at the end of the third quarter.
The homeowner
vacancy rate came in
at 1.7
percent in the first quarter, while the renter
vacancy rate came in
at 7
percent, the Census report shows.
Denver's direct
vacancy rate is the lowest reported in markets with heavy reliance on oil and gas industries,
at 11.9
percent.
Homeowner
vacancy rates were highest outside metropolitan statistical areas (MSAs) and inside principal cities
at 2.2
percent, followed by in suburbs
at 1.3
percent.
Neither of these
rates were statistically different from the fourth quarter 2015, when the rental
vacancy landed
at 7.0
percent and the ownership was
at 1.9
percent.
The areas with the lowest industrial
vacancy rates currently are Orange County, Calif., with a
vacancy rate of 3.4
percent; Los Angeles, 3.7
percent; Miami and Palm Beach, Fla., both
at 5.4
percent; and Seattle,
at 5.6
percent.
That low supply, coupled with demand from better - performing retailers for quality space, helped push rents across all types of retail real estate higher and
vacancy rates down to about 10
percent at the end of 2015 from 11.1
percent in 2011 — as retailers slowly shrugged off the recession's
vacancy spike.
With healthy absorption, the
vacancy rate remained
at 13.3
percent since the beginning of the year.
Areas with the lowest multifamily
vacancy rates currently are Sacramento, Calif., 2.5
percent; Orange County, Calif., 2.6
percent; Hartford, Conn., and Oakland - East Bay
at 2.7
percent; and Rochester, N.Y.,
at 2.8
percent.
The markets with the lowest office
vacancy rates in the first quarter are Washington, D.C.,
at 8.7
percent; New York City, 9.0
percent; Little Rock, Ark., and Seattle
at 11.5
percent; and San Francisco,
at 12.0
percent.
Currently, the markets with the lowest retail
vacancy rates include San Francisco,
at 3.0
percent; Fairfield County, Conn., and San Jose, Calif.,
at 4.5
percent; Long Island, N.Y., 4.9
percent; and Orange County, Calif.,
at 5.0
percent.
The
vacancy rate stood
at 8.2
percent, virtually unchanged from 2003, and should improve to 8.1
percent this year.
Multifamily
vacancy rates have been heading down since before 2003, when they were
at about 6.5
percent, and by the end of 2005 stood
at just above 5
percent.
Suburban Maryland's
vacancy rate remained flat,
at 14.9
percent.
Ultimately, this should cause
vacancies to fall, but whether or not they will fall
at a substantially faster
rate remains to be seen — especially if we the economy remains in the 2
percent growth
rate in the near term.
The
vacancy rate in the retail sector is expected to be
at 10
percent by year - end and to trend a bit upward heading into 2018, according to Barbara Byrne Denham, senior economist
at real estate research firm Reis.