Sentences with phrase «predicts lower vacancy»
Marcus & Millichap predicts lower vacancy rates and higher asking rents in the state's major markets as the economy slowly recovers and tourism rebounds.
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Buoyed by continued job growth, with 2.2 million jobs added in 2016 and another 2 million predicted this year, the report forecasts net absorption of 83 million sq. ft. nationally in 2017, with another 20 basis point decline in U.S. vacancy to 14.3 percent, marking the low point of the current cycle.