Fundamentals are largely unchanged, with
vacancy rates relatively flat.
Not exact matches
Because the New York metro area — including all five boroughs, not just super-expensive Manhattan — has a huge population and a
relatively high
vacancy rate, an influx of even 50,000 new workers wouldn't mean much in the greater scheme of things.
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.
Although the NAO states these figures are still
relatively low, the DfE has admitted they only reveal part of the picture because data is taken in November when
vacancy rates are considered small.
It's
relatively hard to find a rental in Denver (it has the lowest
vacancy rate on this list), but that doesn't seem to prevent anyone from making a stop here.
«The reality is that overall home building has been
relatively healthy in the two big cities, and broadly in line with demographic demand — for example,
vacancy rates have held
relatively stable at fairly tight levels.
Despite a softening housing market, portfolios that invest in REITs seem to be just fine, thanks to steady income from tenants with
relatively low
vacancy rates in the big cities.
Cities like Cleveland and Detroit have a lot of vacant houses overall, but a
relatively low
vacancy rate among active rentals.
Given high
vacancy rates and lenders that are still skittish about committing
relatively large amounts for construction and development financing, it is hard to justify breaking ground on new office projects, Reis said.
Overall, the tightest markets tend to be
relatively small: Corvallis, Oregon (with a homeowner
vacancy rate of 0.23 %), Lebanon, Pennsylvania (0.49 %), Billings, Montana (0.54 %), San Angelo, Texas (0.61 %), and Eau Claire, Wisconsin (also 0.61 %).
«The positive evolution of the
vacancy rate, together with
relatively stable and controlled administration costs, could contribute to an increase in the level of return on assets in the medium term.»
The office market is also
relatively strong, with a
vacancy rate of 16.6 percent, according to Reis.
Ottawa — Like Calgary, the Ottawa office market saw a rise in
vacancy rate over the past 12 months from 5.60 per cent to 6.30 per cent and stable rents of $ 17.23 per sq. ft.. Yet the market is expected to remain solid thanks to the stabilizing presence of the federal government, although a slight increase in
vacancies is expected to occur due primarily to new supply and some space - juggling before it is absorbed
relatively quickly both by the private and public sectors.
Grand Rapids, Mich., tops our list because it has seen strong and recent employment growth (ranked 11th), has a
relatively low
vacancy rate, and a high share of households under 35 (ranked 16th and 17th, respectively).