To add to the challenge, the project entered the leasing market at the low point of the Southend market cycle, with
vacancy rates reaching 30 % in the local area.
With
vacancy rates reaching 20 - year highs, leasing brokers and managers have to start thinking creatively.
According to the report, Canada's office
vacancy rate reached 7.8 per cent at the midway point of 2011, down from 9.9 per cent at mid-year 2010 and 8.4 per cent at mid-year 2009.
In Cincinnati,
the vacancy rate reached 12.3 percent in the second quarter due to a glut of retail space that came on the market in the first half of 2006 and has proved hard to rent.
Women always have dominated the single buyers» market and they may be suffering most from a combinations and economic and political forces that have trapped singles into rental units at a time when rents are rising rapidly as
vacancy rates reach history lows or 4.5 percent or lower.
Not exact matches
In a separate report, Citi Habitats reported that the borough's
vacancy reached 1.9 percent, the highest
rate the brokerage has reported for July since it started tracking the stat in 2002.
In the third quarter, the national
vacancy rate for shopping centers
reached 8.4 %, an increase of 110 basis points over the same period a year earlier, according to real estate research firm Reis.
The city is expected to
reach the end of the year with a multifamily
vacancy rate of 3.1 percent (a 40 basis point increase year - over-year).
During the second quarter of 2010, national
vacancy rate for U.S. neighborhood and community centers
reached 10.9 percent.
Canada's suburban markets kept pace with downtown markets as the national suburban
vacancy rate tumbled 230 bps over the past 12 months to
reach 9.8 per cent at the end of June 2011.
The
vacancy rate at neighborhood and community centers
reached another new 17 - year high, hitting 10.3 percent.
At the end of the first quarter, the
vacancy rate in Washington D.C. declined 30 basis points to
reach 10.4 %, well below the national average of 17.3 %, according to Reis, a New York - based real estate research firm.
As a result, existing
vacancy rates declined by 300 basis points from the end of 2016,
reaching 16.8 percent in mid-2017, he notes.
Demand should be high — the multifamily
vacancy rate in Charleston has fallen steadily in recent years to
reach 5.2 percent in the first quarter, according to New York - based data firm Reis Inc..
The
vacancy rate was only 0.6 percentage points off the peak
rate of 11.1 percent that was
reached two years ago.
Despite modest absorption in the first half, the
vacancy rate — at 6.7 % — has
reached pre-recession levels, according to CWN.
Please, do not guess about what the rents will be like,
reach out to a local property management company, they will tell you exactly what rents are going for and what the
vacancy rates are like
To
reach a
vacancy rate of even just 15 %, though, Atlanta would need to absorb more than 10 million sq. ft. of office space, requiring the addition of 70,000 new office jobs.
The slowing pace of development should allow for Atlanta's office
vacancy rates to stabilize through positive absorption in 2010,
reaching a natural balance of supply and demand.
Calgary's downtown
vacancy rate is projected to rise to 3.6 per cent, while the suburban market will
reach 6.3 per cent by year - end 2008, as almost four million square feet of new supply comes to market.
The firm forecasts that the national office
vacancy rate will end 2010 at 17.8 %,
reach 16.8 % by the end of 2011, and improve to 15.4 % by year - end 2012.
By the end of the year, the metro
reached its lowest
vacancy rate since the recession.