Sentences with phrase «vacancy increases»

Three of the five Midtown South submarkets had falling vacancies, while Soho and Greenwich / Noho posted vacancy increases.

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.

Under normal market conditions, as new buildings are delivered, owners cut rents as overall vacancy increases.

When the number of foreclosures skyrocketed in the mid and late 2000s, apartment vacancies increased.

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.

The kind of competition for a limited number of vacancies increases the value of a well polished resume.

Retail vacancies increased slightly from 6 % in the first quarter of 2001 to 7.1 % in 2002, according to New York - based Reis, which tracks approximately 1.3 billion sq. ft. of neighborhood and community centers.

That means several existing centers will see vacancies increase, which ties directly into co-tenancy violations.

JLL is forecasting that class - A - plus product will see a 7 to 10 percent vacancy increase, reaching the low - 20 percent in the next 15 months.

Rental vacancies increased over the last quarter in the suburbs, where vacancies rose from 6.8 percent to 7.5 percent.

Nothing lasts forever though; the market is cyclical and we may see the expanding multifamily MSA markets» vacancy increase by 2020.

Vacancies increased from 9.4 % in the second quarter of 2001 to 13.4 % in the second quarter of this year, according to Codina Realty Services Inc..

Vacancies increased from 14.6 % in the second quarter of 2001 to 20 % in the second quarter of this year, according to Miami - based Cushman & Wakefield of Florida Inc..

I am in one now, where 25 owners bought an office bld» g for 36 million, got loan for 26 million, and value is now 16 million!!!! due to vacancy increase, for loss of defense related budget cuts.

Not exact matches

Office vacancy rate increases.

But as the Orlando Sentinel reports, increasing vacancy rates have led some malls to roll out the welcome mat to smaller, independent, and often - times quirky businesses.

«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.

It will increase employment by ensuring Canadians are able to fill job vacancies.

Davis, it's essentially ocean front property as they a local measure J where voters have struck down any new development for 15 + years and hence median home price is ~ $ 700k matching walnut Creek / San Ramon, with just.2 % vacancy so even better rent, as UC Davis keeps increasing enrollment but not new housing.

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.

With a low vacancy rate and too little permitting, Amazon's new HQ2 presence would increase rents an additional 8.8 percent over 10 years.

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.

«While supply remains under control, increasing vacancy rates are placing downward pressure on residential rents and sales prices.

«While annual supply completions remain suppressed relative to previous years, increased supply at a time of weak demand is expected to continue to push up residential vacancy rates, causing further rental decline by the end of 2016.

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.

Reis» preliminary forecast for 2014 calls for office - vacancy rates to decline by roughly half a percentage point by year's end and asking rents to increase 2.8 %, the largest gain since 2007.

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.

3) Opportunity for increased occupancy — buying this property with 30 % vacancy allows for additional upside through lease up

Without being able to walk the building, talk to tenants, and understand the competitive properties this seems like a major risk to the cash flow due to the potential for increased vacancy and / or leasing costs.

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.

«As we continue working with HUD on increasing affordability and other critical housing goals, we appreciate that HUD heard our request for a policy that takes into account the unique needs of NYC, and other cities with low vacancy rates, and that the unintentional but real harm posed by the proposed SAFMR rule will be averted.

But under current law, landlords are allowed to increase rents by up to 20 percent upon a vacancy.

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.

I support repealing vacancy decontrol, or at the very least, raising the cap to a minimum of $ 3000 and peg future increases to the rate of inflation.

The to - do list read something like this: close the preferential rent loophole; make rent increases for major capital improvements temporary; reduce the vacancy bonus; limit a building owner's ability to recover a rent - regulated apartment for personal use; and reforming the Rent Guidelines Board.

Vacancy decontrol is not done away with but the guidelines for it have increased.

Democratic leaders did allow two bills to reach the floor for votes that year: a Krueger measure to stop landlords from collecting rent increases retroactively, and a bill by Manhattan Senator Daniel Squadron requiring owners to document rent increases used to justify vacancy decontrol.

According to the sources, the Assembly is trying to increase the amount of the threshold for vacancy decontrol to $ 3,000 a month, though a spokesman for Cuomo denied that was the case.