Sentences with phrase «rental vacancy rate of»

It's not surprising the third quarter national rental vacancy rate of 2017 rose 0.7 points to 7.5 percent.

This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.

New York City, arguably the most brutal place to try to find a place to rent anywhere in the world, has a rental vacancy rate of 3.45 per cent.

Not exact matches

In 2014 rental vacancy rates decreased by 2 % which indicates more people were opting to rent instead of purchasing a home.

«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.

«While annual supply completions remain suppressed relative to previous years, increased supply at a time of weak demand is expected to continue to push up residential vacancy rates, causing further rental decline by the end of 2016.

The economics of investing will likely continue to deteriorate with the rental market well supplied, the rental vacancy rate rising and rents stagnating.

In Sydney and Melbourne, rental growth is being constrained by high vacancy rates relative to levels of the past.

«On the other hand, investors are planning to hold onto their rental properties for at least eight to ten years and realize the benefits of rising rents and low vacancy rates.

Available indicators of rental rates and vacancies of residential property are volatile and vary considerably across capital cities but, in general, they provide tentative signs of a mild easing of growth in rents; vacancy rates have picked up a little in some cities, but they remain low.

In line with this, vacancy rates for rentals across Canada are exceptionally low, particularly in certain parts of British Columbia where vacancy rates have dipped to a record low of 0.3 per cent.

«There are rental vacancy rates across the province of less than one per cent.»

Reduce your vacancy rates to zero Both from experience, and from listening to the concerns of other real estate colleagues, keeping rental properties occupied can be a headache.

We figured that a low vacancy rate suggests residents in a particular area have more interest in renting (though it could also mean a low proportion of rental properties).

With a vacancy rate still hovering at more than 10 % since the housing crash, however, rent prices across NV may be decreasing soon to reflect the oversupply of rental units.

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).

The rental vacancy rate in Cottage Grove (population of 9,700) is 1 %.

If you're among the 35 million American households who rent, here's some good news: the red - hot rental market of the past couple of years — fueled by home foreclosures, the uncertain housing market, and low vacancy rates — appears to tapering off.

That creates a big demand for rental properties, resulting in one of the lowest vacancy rates in the country and slowly rising rent prices.

With a vacancy rate still hovering at more than 10 % since the housing crash, however, rent prices across NV may be decreasing soon to reflect the oversupply of rental units.

Due to these demands, North Dakota experiences one of the lowest rental vacancy rates in the nation.

Examples of Property Manager duties include setting rental rates, advertising vacancies, interviewing potential tenants, answering to client inquiries, negotiating contracts, adhering to occupancy rules, doing repairs, contracting landscaping services, overseeing building maintenance, preparing reports, and contracting security services.

The apartment rental market — multifamily housing — should see vacancy rates drop from 5.5 percent in the current quarter to 4.6 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.

Apartments, lofts, condominium and residential mixed - use developments are the biggest investor plays due to high demand, low vacancy (3.8 percent), elevated rental rates, and the return of a strong condo market.

«With corporate decision - making picking up speed as business confidence grows, we are beginning to see decreasing vacancy and rising rental rates in many markets,» says Mark E. Rose, chair and CEO of Avison Young.

And while occupancy rates and rental prices have risen, the pipeline of new housing has been lacking, so vacancy rates have dropped to all - time lows in many parts of the country.

· And according to Precarious: Temporary Agency Work in British Columbia, the rate of growth of short - term positions is significantly outstripping that of permanent ones: http://www.macleans.ca/economy/realestateeconomy/the-vacant-truth-about-rental-condos/ According to the Canada Mortgage and Housing Corp., the federal agency that insures lenders against mortgage losses while simultaneously serving as one of the main sources of real estate data in the country, the vacancy rate for condo rentals is just 1.3 per cent — about as close to zero as you can get.

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 movement out of rental accommodation into homeownership continued in 2004 and the average apartment vacancy rate for major urban centres rose from 2.2 to 2.7 per cent.

«That has to do in some areas with a degree of uncertainty as to new supply and the impact that could have on future vacancy and rental rates,» says Tracy.

Cities like Cleveland and Detroit have a lot of vacant houses overall, but a relatively low vacancy rate among active rentals.

Multifamily The Twin Cities has long been a favorite market among multifamily investors because of low vacancies and strong rental rate growth.

Then you can make some sense of vacancy rate and rental rate data.»

In line with this, vacancy rates for rentals across Canada are exceptionally low, particularly in certain parts of British Columbia where vacancy rates have dipped to a record low of 0.3 per cent.

The average rental vacancy rates in these counties were 7.4 percent compared to a national average of 8.7 percent as of the end of 2012.

Vacancy in these six notable buildings currently sits at 1.6 per cent, which justifies why this prominent location commands some of the highest rental rates in the city despite the impending influx of new supply that is putting downward pressure on rents throughout the Central Business District.

With continued strong demand on the back of healthy FDI and robust GDP growth, we expect to see an extremely low vacancy rate across all office grades and an average rental growth of approximately 8.4 % per annum in the next three years.

Rental rates are still on the rise but not at the fast clips of previous years, while vacancies have been creeping up over the last year.

However, the biggest increases were in high - end inventory, a sector of the market already seeing declines in rental rates amid higher vacancies.

The vacancy rate is one of the most important indicators of the health of the rental property market.

Q3 2014 was particularly successful as retail vacancy declined, rental rates and absorption increased, and a handful of significant transactions took place, according to a report by Seattle - based brokerage firm Kidder Matthews.

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Phoenix Arizona was 7.60 % according to Census ACS data.

Data is also available below for Phoenix rental vacancy rates, Phoenix rent as a percent of median income and the fraction of renters in Phoenix.

«Rental rates have continued to rise year over year, while rental vacancies have steadily decreased since the burst of the housing bubble» (US News) Someone asked me if it was a buyers or a sellers market the otheRental rates have continued to rise year over year, while rental vacancies have steadily decreased since the burst of the housing bubble» (US News) Someone asked me if it was a buyers or a sellers market the otherental vacancies have steadily decreased since the burst of the housing bubble» (US News) Someone asked me if it was a buyers or a sellers market the other day.

Class C rentals have a vacancy rate of roughly 1 percent.

The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter - occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.

Washington, D.C.'s low median age of housing inventory (54 days, nine days less than the national average), even lower vacancy rate (5.20 percent, about 23 percent less than the national average), and moderately high annual job growth rate of 2.19 percent indicate that demand for housing there is and will likely remain quite strong, making D.C. a profitable market for rental real estate investors for quarters to come.

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.

Speculative construction is once again taking place on a very modest scale, and a combination of tightening market conditions and sustained economic growth are expected to support healthy leasing activity, incremental gains in rental rates and a continued decline in overall vacancy.