Sentences with phrase «rental vacancy rates remain»
The rental vacancy rate remains high.
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The Fed noted that rental vacancy rates in northern New Jersey and upstate New York remained near multiyear lows, while rents rose by about 4 % year - on - year.
«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.
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.
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.
Even the most pessimistic apartment market researchers agree that very few apartments were empty in the third quarter and that the vacancy rate in the multifamily rental sector will remain low in the short - term.
Vacancy rates for rental apartments remain low in the top six U.S. markets, despite an influx of new development.
«There is a great deal of optimism in Montreal with rental rates increasing, vacancy dropping and absorption levels remaining positive,» says Morse.
«Commercial real estate in B.C. continues to remain strong despite low vacancies, higher rental rates and economic pressure,» says Sheldon, a Realtor for over 16 years and past - chair of the Fraser Valley Real Estate Board's Commercial Division.