When sublease space is factored in, the overall
suburban vacancy rate fell to 23 percent during the fourth quarter, still high but lower than the 23.6 percent rate of the third quarter, or 24.8 percent a year ago.
The suburban vacancy rate has stayed flat over the last two years.
Over the quarter, the average
suburban vacancy rate increased 70 basis points from 19.0 % to 19.7 % and the average CBD vacancy rate increased 120 basis points from 20.8 % to 22.0 %.
The overall
suburban vacancy rate was 7.3 % at mid-year, according to Colliers Turley Martin Tucker.
Canada's suburban markets kept pace with downtown markets as the national
suburban vacancy rate tumbled 230 bps over the past 12 months to reach 9.8 per cent at the end of June 2011.
Not exact matches
Anthony Scott, director of research with Barclay Street, said the first - quarter
vacancy rate in Calgary's
suburban office market was 17.7 per cent.
The
suburban office sector ended last year with an average
vacancy rate of 9.3 percent, compared to 12.3 percent for the central business district (CBD), reports Valuation International, Ltd., (VIL) of Atlanta in its publication Viewpoint 1998.
The deal, with an estimated annual yield of about 6.4 percent, reflects the surprising strength of the investment market for
suburban office properties, despite rising
vacancy rates.
Despite a general improvement in
vacancy, the average national
suburban class A asking net
rate remained unchanged at $ 17 psf.
Renter
vacancy rates mirrored those of homeowners: highest outside metro areas at 9.6 percent followed by inside principal cities at 6.9 percent and in
suburban areas at 6.0 percent.
Homeowner
vacancy rates were highest outside metro areas at 2.5 percent, followed by inside principal cities at 1.9 percent and in
suburban areas at 1.5 percent.
Suburban Maryland's
vacancy rate remained flat, at 14.9 percent.
Washington's
vacancy rate rose by 20 basis points this quarter (
suburban Virginia / Northern Virginia's
vacancy also rose by 20 basis points, to 15.9 percent).
With the
suburban - focused homebuilding industry in shambles, as the rental
vacancy rate plunged, apartment construction boomed.
Loans backed by properties in the District and Virginia have helped pull the broader region's delinquency
rate up, as the
suburban office sector in particular has reported rising delinquency and
vacancy rates in recent quarters.
The average national
vacancy rate for downtown and
suburban markets rose to 5.9 per cent in the first quarter, up from 5.1 per cent in the last quarter of 2008.
Calgary's downtown
vacancy rate is projected to rise to 3.6 per cent, while the
suburban market will reach 6.3 per cent by year - end 2008, as almost four million square feet of new supply comes to market.
Slight positive absorption of 37,829 square feet (sf) occurred, ticking the overall
vacancy rate down to 11.9 % - 10.4 % downtown, and 12.3 % in the
suburban Tucson market.
In 34
suburban markets,
vacancy rates averaged 16.6 percent, down from 18.3 percent a year ago.
Office property istings in major U.S. cities are beginning to surge as values rise, while
suburban office markets continue to suffer from high
vacancy rates.
They discuss tax
rate changes and tax reform, 2017 office sector recap,
vacancy rates, economic growth, inflationary pressures, opportunities, urban vs.
suburban tr......
«The
Suburban Maryland office market's positive absorption and decrease in
vacancy rates foreshadow our anticipated gradual improvement in the office market throughout 2018.»