Not exact matches
Despite the construction activity, retail
vacancy rates are at its
lowest point in a decade with overall shopping center
vacancies dipping to 7.3 % during the
second quarter, according to a CB Richard Ellis survey of properties 50,000 sq. ft. and greater.
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 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.
Of the 79 markets Reis follows, New York had the
lowest vacancy rate at 2.1 percent, the same as in the
second quarter.
This is the
lowest second quarter
vacancy rate reported since 2006.
Rental
vacancy rates have fallen to 8.6 percent, the
lowest since the
second quarter of 2002.
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.