Sentences with phrase «vacancy rates rise»

By Roger Yohem INSIDE TUCSON BUSINESS February 9, 2010 All categories of commercial real estate saw vacancy rates rise to double - digit levels in 2009.

Properties that house workers — such as apartment complexes, mobile - home parks and hotels — are likely to be the first to see vacancy rates rise as oil rigs idle and jobs vanish, according to Nomura debt analysts Lea Overby and Steven Romasko.

As vacancy rates rise at malls across the United States, with the increasing numbers of retailers announcing bankruptcies, deferring expansion plans and closing stores the energy management system could help operators reduce fixed utility costs.

Barile and other experts cite several reasons for the unexpected twist in the real estate market, including low interest rates, which help boost returns in highly leveraged deals even if vacancy rates rise.

The economics of investing will likely continue to deteriorate with the rental market well supplied, the rental vacancy rate rising and rents stagnating.

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.

Data tell another story: Job growth in Erie and Niagara counties last year lagged behind the nation and rest of the state, the downtown office vacancy rate rose last year and poverty in the city of Buffalo — like its sister city Rochester — is climbing and ranks among the worst in the United States.

Job vacancy rates rose in each of the last five years and in 2016 the rate stood at 1.8 per cent.

The vacancy rate rose to 10.4 percent from 9.6 percent in 2015.

San Francisco's office - vacancy rate rose to 7.3 percent in the second quarter from 5.7 percent in the previous three months, Cushman & Wakefield data show.

Washington's vacancy rate rose by 20 basis points this quarter (suburban Virginia / Northern Virginia's vacancy also rose by 20 basis points, to 15.9 percent).

Reports by real estate services firms JLL and CBRE show that the national vacancy rate rose to an average of 13.2 percent, a 10 basis point increase from the fourth quarter of 2015.

The downtown office vacancy rate rose sharply during the fourth quarter, to 15.1 percent, as downtown businesses continue to contract.

When shadow space is included, the year - end vacancy rate rises to 22.2 %, according to Grubb & Ellis.

Not exact matches

The rising cost of homeownership is pushing more people to rent, and the vacancy rate in Toronto has tightened over the past few years to 1.3 per cent, according to CMHC.

Rents have risen 20 % over the past five years while they city's vacancy rate is below 1 %, meaning investors should not have to work very hard to find a tenant.

Offshore buyers are increasingly interested in Perth office stock, but limited assets for sale and the city's rising vacancy rate are stifling opportunities.

The Fed noted that rental vacancy rates in northern New Jersey and upstate New York remained near multiyear lows, while rents rose by about 4 % year - on - year.

That could cause the national vacancy rate to rise slightly for the first time since 2009.

«On the other hand, investors are planning to hold onto their rental properties for at least eight to ten years and realize the benefits of rising rents and low vacancy rates.

Rental housing vacancy rates are already low, and rents are rising.

An increase in the rent threshold at which apartments become market - rate, indexed to rise each year, is a step forward, but it only slows the bleeding — and is well short of de Blasio's target, ending vacancy decontrol completely.

The state's expiring rent regulations could get the same treatment — though the new Assembly speaker, Carl Heastie, says he's going to make a stand for tenant - friendly changes like the repeal of «vacancy decontrol,» which allows landlords to charge market - rate rents after an apartment's price rises above $ 2,500 per month.

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.

A 2011 CHMC report stated that vacancy rates across Canada were falling and that rental rates were rising as a result.

Amazing to see vacancy rates on office space in San Diego rising.

Rents have risen 20 % over the past five years while they city's vacancy rate is below 1 %, meaning investors should not have to work very hard to find a tenant.

The rising cost of homeownership is pushing more people to rent, and the vacancy rate in Toronto has tightened over the past few years to 1.3 per cent, according to CMHC.

Rising rental rates signal a market where demand is strong enough to absorb the increased prices, while low vacancy rates suggest there is enough pent up demand, which should make it easy to attract renters.

Rising interest rates and growing inventory are offset by low vacancy rates and strong employment levels.

Severino said that the rising vacancy rate is largely due to builders being ahead of the game.

That creates a big demand for rental properties, resulting in one of the lowest vacancy rates in the country and slowly rising rent prices.

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.

An increase in the rate of unfilled vacancies combined with a rising long - term unemployment rate indicates that employers are finding it harder to source workers with the right skills.

A sign of labour market challenges can be found in job vacancy rates, which rose in Australia in 2015 and 2016, suggesting employers find it increasingly difficult to attract and retain talented workers.

The apparent contradiction of a strong investment market at a time of high vacancy rates is at odds with a commercial real estate rule of thumb: Property sales rise when leasing is strong.

The deal, with an estimated annual yield of about 6.4 percent, reflects the surprising strength of the investment market for suburban office properties, despite rising vacancy rates.

As a result, apartment vacancy rates are declining and rents are rising at faster rates.»

The average vacancy rate will rise to the mid-4-percent range by the end of 2017, CoStar researchers project.

Asking rents are forecast to rise 2.6 percent this year to about $ 20 per square foot, while the overall vacancy rate is expected to rise 50 basis points to 10.2 percent, according to Encino, Calif. - based Marcus & Millichap Real Estate Investments.

On the commercial side, all sectors are expected to see lower vacancy rates as occupancy demand rises with job growth.

«We don't expect vacancy rates to rise over 5 percent.»

«With corporate decision - making picking up speed as business confidence grows, we are beginning to see decreasing vacancy and rising rental rates in many markets,» says Mark E. Rose, chair and CEO of Avison Young.

However, Whyte noted that office and industrial vacancy rates are ticking down while retail and apartment rates are still rising.

Many apartment analysts, including MPF, had predicted that vacancy rates would rise slightly this year, approaching 5 percent.

National vacancy rates are currently more than 15 % for office space and 10 % for industrial properties, and have risen notably for apartments.

The national office vacancy rate for all classes of space in the central business districts (CBDs) rose to 14.4 % in the third quarter, up from 10.6 % during the third quarter of 2001, according to New York - based Cushman & Wakefield.

Income would perhaps have increased but expenses and / or vacancy rates might have risen.

Despite high vacancy rates in a large part of the country, both asking and effective rents are rising.

And while occupancy rates and rental prices have risen, the pipeline of new housing has been lacking, so vacancy rates have dropped to all - time lows in many parts of the country.