Jay Kerner: This sector's fundamentals will continue to improve; demand is increasing and
vacancy rates continue to fall.
As long as demand grows higher than supply,
vacancy rates continue to fall and the expansion continues.
High
vacancy rates continue to put a damper on commercial borrowing, agrees Samuel Miller, co-chairman and treasurer of Cleveland, Ohio - based Forest City Enterprises.
The number of new teachers entering the profession in England has dropped to its lowest rate in five years — while
vacancy rates continue to rise.
Vacancy rates continued to decline in the first quarter and rents climbed at a healthy rate...
With rent prices continuing to rise and
vacancy rates continuing to decline, all of the panelists agreed that the market should continue to see growth well into 2015 and beyond.
Meanwhile, the national
vacancy rate continued to march upward, rising 20 basis points during the first quarter up to 7.7 percent, its highest rate in more than a decade.
However, with the delivery of three new office buildings totaling 1.6 million sq. ft. of vacant space in the first quarter — Phipps Tower and 3630 Peachtree in Buckhead, and 1075 Peachtree in Midtown — overall
vacancy rates continued to rise despite the positive absorption numbers.
On the strength of this demand,
vacancy rates continued to fall and rents continued to rise nationally as well as in many metropolitan areas across the country.
Not exact matches
«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.
The economics of investing will likely
continue to deteriorate with the rental market well supplied, the rental
vacancy rate rising and rents stagnating.
Low
vacancy rates in office spaces are important to the
continuing success of both the cleaning and carpet cleaning sectors, as they depend on getting most of their business from offices and commercial buildings.
Conditions in the office market
continued to be soft over the first half of the year, with the national
vacancy rate rising and effective office rents declining.
«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.
Should attrition
continue at a higher
rate than expected and result in job
vacancies in departments in which teachers were laid off, Martinez said the district would welcome terminated teachers to apply for the
vacancies.
Along with robust corporate profits and healthy balance sheets, as the economy
continues to improve, positive absorption and low levels of construction are expected further to bring down the
vacancy rate going forward.
He
continues to anticipate an average
vacancy rate of well under 5 percent for apartments for the rest of the year.
The U.S. office
vacancy rate has
continued to steadily decline, moving from 10.7 percent in 2015 to 10.4 percent in 2016.
The level of demand we have seen over the past several years has significantly reduced the amount of available space, and these declining
vacancy rates have driven an upward trend in rent growth, which we expect to
continue for the foreseeable future.
«Robust office demand is expected to
continue to outpace new supply in the near future, leading to further tightening of the
vacancy rate and keeping rent growth above inflation in a majority of U.S. office markets.»
The movement out of rental accommodation into homeownership
continued in 2004 and the average apartment
vacancy rate for major urban centres rose from 2.2 to 2.7 per cent.
Apartment developers, optimistic about the long - term health of the sector,
continue to build new units at a robust clip despite a
vacancy rate that has doubled in the past three years...
With a lower
vacancy rate that looks to be
continuing downward, one can not help but wonder: why has rent growth for the unit - lease subtype underperformed its higher -
vacancy counterpart?
Still, if the percentage of speculative development
continues to grow, it could contribute to rising
vacancy rates in the markets that have the most supply underway, Nordby says.
The average multifamily
vacancy rate will edge up 0.1 percent, but that sector
continues to see the tightest availability and biggest rent increases.
Vacancy continues to increase nationwide, but cap
rates have shown no sign of weakening — ...
A new study says that rental housing supply will
continue to diminish and
vacancy rates will drop further unless at least 6,250 additional new rental units are built each year for the next decade in addition to new development.
So broadly speaking, as the economy grows there is more of an uptick in net absorption and
vacancy rates are coming down, and I don't see why that shouldn't
continue through 2016 and into 2017.
With the
vacancy rates that it currently has and the forecast demand, it should
continue to generate good rental
rate growth.
«In the high - risk, high - yield markets, where unemployment and
vacancy rates are higher than national averages, the average return was a whopping 19 percent, actually up from a year ago thanks to a strong increase in rental
rates,» Blomquist
continued.
With
continued strong demand on the back of healthy FDI and robust GDP growth, we expect to see an extremely low
vacancy rate across all office grades and an average rental growth of approximately 8.4 % per annum in the next three years.
NEW YORK (Reuters)- The office
vacancy rate fell only slightly during the first quarter, as a lack of significant job growth
continued to impede demand for space, according to a quarterly report released on Tuesday.
With strong affordability, strong job growth, and low
vacancy rates, these are great indicators of Cincinnati's
continued growth and market strength,» said Morrical.
«Rental
rates have
continued to rise year over year, while rental
vacancies have steadily decreased since the burst of the housing bubble» (US News) Someone asked me if it was a buyers or a sellers market the other day.
With declining
vacancy rates and rising rents, there will likely be opportunities to
continue profiting from the property, even if Citrix leaves at an unknown point in the future.
«Given no major surprise in the data, the national outlook for real estate market remains essentially unchanged, with home sales expected to squeak out slight gains in 2016 and 2017 while commercial building
vacancy rates should
continue to fall,» said NAR Chief Economist, Dr. Lawrence Yun.
The
vacancy rate was unchanged over the previous quarter, with...
Continue reading >>
The
vacancy rate was up over the previous quarter, with net absorption totaling negative 66,319 square feet...
Continue reading >>
Cushman & Wakefield sees a largely positive labor market that will
continue to drive strong absorption in industrial, although less than record levels in 2014 and 2015 leading to a 5.9 % overall
vacancy rate, some of the best conditions ever seen in the sector.
Nashville's stellar annual job growth (3.44 percent, seventh - highest in the U.S.), moderately low
vacancy rate (4.80 percent, almost 30 percent lower than the national average), and even lower median age of housing inventory (a mere 42 days, 33 percent lower than the national average) also highlight how exceptionally strong the demand for Nashville housing currently is and will likely
continue to be for many quarters to come.
Industrial market lease
rates continue to climb, with
vacancy rates among the tightest in the nation.
while
vacancy rates for Class A commercial industrial buildings
continued their downward trajectory to under 5 percent.
Speculative construction is once again taking place on a very modest scale, and a combination of tightening market conditions and sustained economic growth are expected to support healthy leasing activity, incremental gains in rental
rates and a
continued decline in overall
vacancy.
Fueled by an active tourism industry, Miami's retail market
continued to register decreasing
vacancy and rising rental
rates in 2016.
Market fundamentals
continue to improve, as demonstrated by a decline in overall
vacancy, and rising rental
rates have done little to deter retailers who are looking to expand and secure space in prime locations.
«With
continued low
vacancy rates and a steady demand for rental units in the East Village District, we see this project as a fantastic opportunity to add to the vibrancy of this neighborhood.»
While
vacancy rates were on the decline over the past year (from 5.60 per cent in the fourth quarter of 2007 to 4.50 per cent in 2008) and rents
continued to escalate ($ 21.36 to $ 22.90 per sq. ft. for the same period), softening demand due to weak economic conditions and the expected supply of several million square feet of new office space will pose challenges for some of the prestigious towers in Toronto's financial district during 2009 and 2010.
In Montreal, the
vacancy rate will drop to the lowest levels since 1989/90 on
continued strong absorption of available space.
«
Vacancy rates are flat, leasing is soft and concessions
continue to make it a tenant's market,» he said.
Some residents may not be able to afford another rent increase and may consider moving, even though the
vacancy rate for SFRs
continues to be low, with little competition from for - sale homes, rental apartments or other rental houses.