Based on the most recent monthly statistics available,
vacancies increase in October, resulting in a more modest rise in rental rates at 4.5 % year - over-year, down from 5.3 % in September, according to real estate information agency Zillow.
After a number of positive growth quarters, the first three months of this year saw slight
vacancy increases in several large downtowns, such as Chicago.
Not exact matches
«Over the course of 2003 we expect the net absorption to be positive, the
increase of the
vacancy rate is driven by the
increase in supply not a weak business environment,» Mr Cresp said.
Mr Denny said it was inevitable that there would be a short - term
increase in vacancy rates when the new Woodside Building at 240 St Georges Terrace was completed, which at 46,000 sq m will be the third largest building
in the CBD.
CB Richard Ellis Research figures predict an
increase in overall
vacancy to 14.9 per cent, with the A-grade segment of the market to
increase to 15.2 per cent.
As larger metros with high
vacancy rates, Philadelphia and Detroit have a significant amount of slack
in their housing market, helping protect these cities from more significant rent
increases.
Vacancies for apartments
in inner Melbourne and Sydney have stabilised at a relatively high level, and
vacancy rates for newly completed apartments have
increased sharply
in recent months.
As described
in a previous post, a recent release from the Census Bureau's Housing
Vacancy and Homeownership (CPS / HVS) survey shows that the US homeownership rate
increased to 64.2 percent
in the fourth quarter of 2017.
Data from the Census Bureau's Housing
Vacancy and Homeownership (CPS / HVS) survey show that the US homeownership rate
increased to 63.9 percent
in the third quarter of 2017, up 0.4 percentage points from the third quarter of 2016.
A strong
increase in the December quarter was only partly reversed
in the March quarter, and
vacancies remain at a level which
in the past has been consistent with solid employment growth.
The
vacancy rate for downtown retail space dropped to 12 percent, from 14 percent
in 2008 and
in about the same time, retail sales
in the village have also
increased from $ 977 million to about $ 1 billion.
Landlords
in New York City won a victory with the state Court of Appeals ruling that
vacancy rent
increases can be used to boost a unit's cost over the deregulation threshold.
Coastguard station closures and «mixed messages» from ministers have been blamed by MPs for rapidly
increasing vacancies in Britain's coastguard.
The reform effort is focusing on two key priorities: Enacting Kavanagh's bill to repealing the «
vacancy bonus» landlords receive
in increased rents when tenants leave, and reforming the so - called «preferential rent» (AKA «bait - and - switch») provisions that allow landlords to raise rents dramatically after tenants are occupying an apartment.
LIPA spokesman Sid Nathan, whose base pay is $ 135,000, blamed
vacancies in 2014 for the appearance of the
increases in 2015, saying there have been «no general pay
increases» at LIPA since 2009.
And although
vacancies have risen, this have been matched by an
increase in employers struggling to find the skills they need.
The association said the
vacancy allowance was written into law as a recognition that landlords might need to «catch up»
in rent revenue between tenants to help maintain the building, and as a way to have a new tenant bear the
increase.
Even though only about 13 percent of rent - stabilized apartments turn over each year, a report released on Tuesday by the antipoverty group Community Service Society of New York argued that the
vacancy allowance, which has been
in place since 1969, is so high that it contributes more to the overall rise
in stabilized rents than the annual
increases.
The housing
vacancy rates are
increasing and this will put downward pressure on rents and
in turn on home prices.
Police overtime also was cut by $ 1.1 million, while firefighter overtime
increased because of
vacancies in the department.
Perhaps it would be easier for the governor to fill the
increasing number of
vacancies in his administration if he and legislative leaders reach a pay raise deal.
Court of Appeals Chief Judge Janet DiFiore wrote
in her decision that state law makes it clear the
vacancy rent
increase should be counted when figuring if an apartment has reached the deregulation threshold.
Capital NY's Laura Nahmias reported earlier this afternoon that some Assembly Democrats are pushing for changes to the rent agreement, including an
increase in the threshold for
vacancy decontrol, though the governor's office denied that was the case.
An
increase in the rent threshold at which apartments become market - rate, indexed to rise each year, is a step forward, but it only slows the bleeding — and is well short of de Blasio's target, ending
vacancy decontrol completely.
Entitled, «The New Housing Emergency,» the report (
in full below) says loopholes
in the city's current rent - stabilization rules — like
vacancy decontrol and rent
increases due to renovations — result
in the loss of more than 10,000 rent - regulated apartments per year.
Retail
vacancies have
increased in recent years, as stores are squeezed by rising rents and competition from online retailers like Amazon.
But with the run up
in rents
in recent years and an
increase in vacancies, some neighborhoods are pushing back.
Williams said the city's
vacancy rate is at 3.45 percent which, combined with steadily
increasing rents, shows the city is currently
in a «housing crisis.»
Ms. James, a Brooklyn Democrat, laid out an aggressive agenda to curtail the powers of landlords, including an end to
vacancy decontrol for units
in the rent control system, a ban on property owners from
increasing rents on vacant units, and a repeal of the Urstadt Law that puts the city's rent laws
in the hands of the State Legislature.
Additionally, the Delaware North proposal alone will result
in an
increase in vacant office space
in downtown Buffalo, further weakening an already distressed downtown office market and leading to more
vacancies.
Senate Republicans are not interested
in repealing
vacancy decontrol or
increasing the threshold.
In addition, the bill limits
vacancy bonuses — the amount landlords can
increase rents between tenants — on apartments that have something known as «preferential rents.»
But he noted that the claimant count has come down and there has been an
increase in job
vacancies - and that the forthcoming Work Programme will be the biggest back to work prograrmme
in 70 years.
According to a survey by the Association of Graduate Recruiters, job
vacancies in engineering have
increased by 60 per cent compared with last year's recruitment season.
On the other hand, dynamic nuclear polarization of molecules via nitrogen
vacancy centers has important applications
in nuclear magnetic resonance spectroscopy since it would greatly
increase the standard sensitivity of current scanners.
In his comments, the creator said that the success of NieR: Automata led Platinum Games to a new player base, prompting more members to join the development team of the studio, which represented a successful story and
increased the number of applications for
vacancies published.
The demonstrable difficulty
in attracting enough people to train as teachers is unlikely to be offset by an
increase in migration to fill teaching
vacancies.
The
increase in the national
vacancy figures since 2010 for state funded primary schools has almost doubled and are now around 1.2 per cent.
Competition for job
vacancies is also likely to be
increased in the coming months with the economic uncertainty caused by the recent Brexit vote for the UK leaving the EU.
«What's more, the
increase in education
vacancies suggests that business confidence is growing, offering plenty of exciting opportunities for job hunters
in the sector.»
Seventeen percent of all respondents said
increasing the number of women
in management positions has been an issue
in their district; 86 percent said that qualified females were considered for the
vacancy they filled last year.
The education sector has seen an
increase in job
vacancies by 17.5 per cent, according to new statistics comparing data between February and March 2018, from the CV - Library.
And the number of job
vacancies has
increased from 750
in November 2013, to 1,030 this November — the month when the annual workforce census is carried out.
A recent report by the National Audit Office, which prompted this week's Public Accounts Committee hearing, also showed a nine-fold
increase in teacher
vacancies between 2011 and 2014.
Among the options Kleban presented were
increasing the number of students per class, which will bring
in more per - pupil funding from the state, or cutting some
vacancies and spreading those duties among other educators — having some curriculum directors take on additional teaching duties, for example.
In February, the NAO's training new teachers report warned the department was not doing enough to train new teachers after
vacancy numbers almost
increased ten-fold between 2010 and 2014.
University of Wisconsin - Madison professor Peter Goff estimates that Wisconsin schools spend between $ 4,000 and $ 9,000 to hire a teacher.57 And
increased vacancies mean that districts may have to lower their standards
in order to fill teaching slots.
With an
increasing share of teachers leaving the classroom, schools face the challenge of filling more
vacancies — the difficulty of which is compounded by national trends of lower enrollment
in teacher preparation programs.53
We show that skill requirements
in job
vacancy postings di erentially
increased in MSAs that were hit hard by the Great Recession, relative to less hard - hit areas.
Two of DOT's components,
in particular, have received an
increase in the number of requests, and have experienced some challenges
in filling
vacancies.