The phrase
"vacancy levels" refers to the amount or percentage of empty or unoccupied spaces available in a particular place, such as a building, hotel, or job market. It indicates the level of availability or demand for something in a specific area.
Full definition
The assets sit within the region's premier 1,200 - acre master planned industrial park, which features a strong roster of national tenants and
vacancy levels below 5 percent.
I usually run several scenarios with
different vacancy levels, decreasing rents, operating expense increases and varying cap ex levels as well.
The national office
vacancy level of 16.2 % recorded during the third quarter of this year is at the same level it was in the third quarter of 1994, according to Torto, which is when the office market was just beginning to recover.
The only region which did not note a drop in advertised positions was the Midlands where
vacancies levels remained static year - on - year.
One of the market driving forces is the growing appetite for modern office and retail space in the key hubs
where vacancy levels are considerably lower than in B - grade properties — especially older buildings in outlying suburbs — and these investors are likely to come under increasing pressure.
The Property Council study found there had been a fall in office vacancies from 11.6 per cent at the start of the year to 11.1 per cent — against the national trend towards
increased vacancy levels.
The Knight Frank report,
suggesting vacancy levels will lift to 24 per cent, came in response to the mid-year Property Council of Australia office market report.
Vacancy levels exceed bank requirements: Investment properties that are vacant often can not qualify for bank loans until they are leased up.
Job vacancy levels in Milton Keynes have remained high as unemployment is falling, signifying a relatively high level of economic activity.
Both subtypes exhibited vacancy compression over the year despite already
tight vacancy levels: bed vacancies fell 80 basis points to 3.2 percent, and unit vacancies fell 10 basis points to 2.7 percent.
Retail vacancy levels stayed relatively flat for the first quarter of the year, according to preliminary data from real estate research firm Reis.
Net rents range between $ 60 per sq. ft. and $ 145 per sq. ft.. In Victoria, Vancouver, Regina and Winnipeg, brokers report that regional malls have
vacancy levels as low as 0 percent.
Summaries from the report about the other cities surveyed: Vancouver
saw vacancy levels drop from 4.7 per cent in the last quarter of 2007 to four per cent in the third quarter of 2008 and marginal rental rates increase from $ 24 to $ 24.50 per sq. ft. for the same period.
The region consistently transacts nearly 2 million square feet of leasing activity quarterly,
with vacancy levels below California averages.
Nonetheless, because the San Francisco Bay Area is generally under - retailed,
vacancy levels remain below 6 % in virtually every submarket, according to Marcus & Milli - chap, with rates as low as 2 % and 3 % in some communities.
RECENT figures forecasting a 100 per cent increase in
the vacancy level of top - end CBD properties in the next six months has been met with scepticism from within the Perth property industry.
«
Vacancy levels are well within expectations, and rents have exceeded originally underwritten rents,» Morningstar researchers write.
Nationally, the for - rent market now appears to be in relatively good balance, with the rental stock close to overall rental demand, resulting in «normal»
vacancy levels.
The strong demand for apartments continues to surprise, so that even though
the vacancy level is rising, it has done so very slowly so far.
Vacancy levels remained unchanged across the United States at 15.6 percent in the first quarter, but they are expected to fall below 15.0 percent by year end as corporate expansions boost occupancy over the next several quarters.