A fluctuating and evolving commercial real estate market that has
seen high vacancy rates in some areas and changing needs across the country is resulting in more detailed and complex leases.
During the recession, the market
saw high vacancies, which gave brokers representing commercial tenants the upper hand in negotiations.
With high fixed and holding costs it is necessary to be aggressive with your figures, especially in the neighborhoods which
see higher vacancy rates.
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.
If the new Amazon HQ2 came to town, Detroit would
see moderate rather than severe rent increases, largely because of its
high vacancy rate of 11 percent and its ability to add new housing stock rapidly.
In 2016, Syracuse
saw its
highest number of homicides on record after 31 people were killed, and
vacancies at the Syracuse Police Department has been a hot - button issue throughout the mayoral race.
With the recession and
high vacancy rates, these steps can help you persuade the manager to overlook your score and let you rent... (
See Renting with bad credit)
We are currently in times of
high employment with many employers struggling to fill
vacancies and
seeing increased competition in retaining their existing staff.
Banking and investment careers are highly sought after by graduates, with the industry having
seen highs of 135 applications per
vacancy.
Developers, upon
seeing a drop in
vacancy at trophy properties 15 months ago (to 7 percent, from an all - time
high of 15 percent six years ago), began building a spree of class - A assets.
Many buy for themselves believing the market will remain stable or increase or invest thinking they can easily rent for increasingly
high rents when, especially with ongoing building, and, as can be
seen in one article, rents are not increasing as would be the case if there were really a
vacancy rate in Toronto as low as has been stated.
However, the biggest increases were in
high - end inventory, a sector of the market already
seeing declines in rental rates amid
higher vacancies.
Gainesville is experiencing a ton of growth in building - although there is a
high student population here with UF and Samata Fe, I don't
see just how they will not have
high vacancy rates.
Meanwhile mall
vacancies, while not quite at the cycle peak of 9.4 percent
seen in the third quarter of 2011, are inching
higher towards the 9.0 percent vicinity.
Q1 2017
saw a surge in rent and a slightly
higher overall
vacancy rate as new, quality supply hit the U.S. office market.
Vacancies at malls and neighborhood and community centers continue to hit new multiyear
highs (
see pages 6 and 8).
The apartment rental market - multifamily housing - should
see vacancy rates ease from 4.0 percent in the first quarter to 3.9 percent in the first quarter of 2014;
vacancy rates below 5 percent generally are considered a landlord's market with demand justifying
higher rents.
Grand Rapids, Mich., tops our list because it has
seen strong and recent employment growth (ranked 11th), has a relatively low
vacancy rate, and a
high share of households under 35 (ranked 16th and 17th, respectively).
If the new Amazon HQ2 came to town, Detroit would
see moderate rather than severe rent increases, largely because of its
high vacancy rate of 11 percent and its ability to add new housing stock rapidly.