That in
turn lowers the vacancy rate and puts upward pressure on Vancouver's rental rates.
Not exact matches
It means Airbnb's popularity could be contributing to the critically
low vacancy rate, which is, in
turn, driving up rents.
The moves represent a
turn for a commercial real estate market that until recently had the nation's
lowest vacancy rate, driven by early stage tech firms scooping up space and Silicon Valley giants expanding to accommodate workers seeking an urban lifestyle.
This in
turn will help decrease
vacancies,
lower turnover rates, and boost desirability.
(1) I would always factor in at least 5 % if not 10 % for
vacancy (here they did a lot less, but sellers always try to convince you that
vacancy is
lower than it really is, and there's just a physical amount of time it takes to
turn over a unit, even in a place that is easy to fill).
Going forward, experts say continued demand, and the
lowest vacancy rate since the
turn of the century, at 7.2 percent, will keep construction...