With low vacancy rates and slow construction, the additional workers needed will drive up rents.
Conditions in property markets are solid, however,
with low vacancy rates, a rough balance between new supply and the demand for commercial space, continued rent growth and some acceleration in NOI growth.
The expected delays in new office projects due to the tight lending conditions developers are facing, coupled
with low vacancy rates, may push tenants to the suburbs to solve any short - term demand issues, says the report.
The same trend should hold true in 2013 as increased market uncertainty will mean high - quality properties
with low vacancy rates will account for the bulk of assets traded.
With low vacancy rates in the single digits, many of our investor clients whose prior focus was single family properties are now switching to small multifamily properties.
With low vacancy rates and a lack of housing construction to meet demand, renters have fewer options and are paying higher rents.
The industrial property sector is posting continuous gains, joining in on the commercial real estate recovery
with low vacancy rates and rising rents...
Using figures provided by Esri, the Census Bureau, the United States Department of Agriculture and other sources, Livability.com looked for places
with low vacancy rates, new development and an influx of people into those spaces.
In cities
with low vacancy rates, the system can suggest raising prices.
«Despite a tightening labour market, trainee teacher recruitment is holding steady -
with low vacancy rates in priority subjects like maths and science.
«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.
Today, State Assemblymember Brian Kavanagh and State Senator Daniel Squadron released the following statement in response to the U.S. Department of Housing and Urban Development (HUD)'s decision that changes to the Section 8 Small Area Fair Market Rent (SAFMR) policy — which could have had severe unintended consequences for NYC Section 8 tenants — will not apply to cities
with low vacancy rates, like NYC.
With a low vacancy rate and too little permitting, Amazon's new HQ2 presence would increase rents an additional 8.8 percent over 10 years.
With the lowest vacancy rate of the 15 metros studied, the San Jose metro has very little slack to incorporate the additional workers.
- ft. market outperformed both Palm Beach and Broward Counties
with the lowest vacancy rate (7.01 %) and highest average rental rate ($ 19.06 per sq. ft.) in South Florida, according to Trammell Crow Co.'s MarketScope 2000.
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?
The metropolitan areas
with the lowest vacancy rates were San Jose, Calif. (0.23 percent); Fort Collins, Colo. (0.24 percent); Lancaster, Pa. (0.26 percent); Manchester, N.H. (0.31 percent); and Provo, Utah (0.34 percent).
Even if the cities
with the lowest vacancy rates right now will see those rates go up as new buildings open in 2017 and 2018, markets such as Seattle, Atlanta, Houston, Dallas, Phoenix and Philadelphia should see vacancy rates remaining low as not as much new construction is planned in those cities.
Household growth is one of the major forces that drives increases in housing demand; and if such increases occur in a market
with low vacancy rate and slowly responding housing supply they will trigger significant value and price increases in the local housing market.
The top nine strip centers
with the lowest vacancy rates are in California or the New York City suburbs.
With a low vacancy rate and too little permitting, Amazon's new HQ2 presence would increase rents an additional 8.8 percent over 10 years.
Not exact matches
Sydney real estate is going through significant regeneration, which coupled
with ongoing light rail works have resulted in very
low vacancy rates of around 4 % in commercial office space.
In line
with this,
vacancy rates for rentals across Canada are exceptionally
low, particularly in certain parts of British Columbia where
vacancy rates have dipped to a record
low of 0.3 per cent.
Many of these people live in areas where jobs are available and «there actually tends to be more
vacancies in areas
with low employment
rates than the national average», Mr Hutton told the IPPR.
It's a serious concern, but
with vacancy rates so
low, Rohr was just happy to find a place to rent.
The city has a fairly
low vacancy rate of 3 %,
with rent on a two - bedroom apartment averaging $ 1,060 a month.
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.
For this category we're looking for cities
with a high rent increases and
low vacancy rates.
With an extremely
low rental
vacancy rate hovering around 0.5 percent and an expensive real estate market, it is notoriously difficult to find an affordable rental apartment in Vancouver.
These
lower vacancy and long - term unemployment
rates suggest that employers are having an easier time finding employees
with the right skills in the Americas compared to earlier years.
Despite the construction activity, retail
vacancy rates are at its
lowest point in a decade
with overall shopping center
vacancies dipping to 7.3 % during the second quarter, according to a CB Richard Ellis survey of properties 50,000 sq. ft. and greater.
At present, the areas
with the
lowest industrial
vacancy rates are Los Angeles,
with a
vacancy rate of 5.5 percent; Orange County, Calif., 6.2 percent; and Miami at 8.9 percent.
On the commercial side, all sectors are expected to see
lower vacancy rates as occupancy demand rises
with job growth.
Areas
with the
lowest multifamily
vacancy rates presently are Minneapolis, 2.5 percent; New York, 2.8 percent; and Portland, Ore., at 2.9 percent.
Guelph has the
lowest vacancy rate in Ontario at 0.6 %, it's a beautiful town
with diverse industries, and 20 minutes from kW and Cambridge, which are listed on the top 10 rental markets by rein.
We keep our maintenance and (as an indirect extension) our
vacancy rates low by starting
with new capex items, never deferring maintenance, and being verrrrry picky about tenanting
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.
«The current interest
rate environment coupled
with the
lower building values and high
vacancies is presenting a unique opportunity to the owner / user group right now,» said Mr. Schuchts.
At the epicentre of Toronto's financial district and
with one of the
lowest historical
vacancy rates in Canada, Bay Street is home to many international banks, financial companies such as hedge funds and securities companies, as well as law firms.
«
With lean for - sale inventories and
low rental
vacancy rates, many markets have seen housing prices outpace inflation,» Nothaft says.
«Each market has its own nuances, but the national trend is positive absorption and
lower vacancy rates,
with steady rental growth.
From his Los Angeles office, Craig Meyer, SIOR, sits in the middle of an exceptionally - tight industrial real estate market, featuring what the 2008 - 09 SIOR President says is a «16 - year -
low in
vacancy»
with rates «under 2 %.»
Damage caused by
low oil prices has certainly been felt in the state's Northern market, but even that market has shown resilience,
with second - quarter 2016
vacancy rates at 4.8 percent and 114,000 sq. ft. of positive absorption in the first half of the year.
Many buy for themselves believing the market will remain stable or increase or invest thinking they can easily rent for increasingly high rents when, especially
with ongoing building, and, as can be seen in one article, rents are not increasing as would be the case if there were really a
vacancy rate in Toronto as
low as has been stated.
Denver's direct
vacancy rate is the
lowest reported in markets
with heavy reliance on oil and gas industries, at 11.9 percent.
The areas
with the
lowest industrial
vacancy rates currently are Orange County, Calif.,
with a
vacancy rate of 3.4 percent; Los Angeles, 3.7 percent; Miami and Palm Beach, Fla., both at 5.4 percent; and Seattle, at 5.6 percent.
That
low supply, coupled
with demand from better - performing retailers for quality space, helped push rents across all types of retail real estate higher and
vacancy rates down to about 10 percent at the end of 2015 from 11.1 percent in 2011 — as retailers slowly shrugged off the recession's
vacancy spike.
Markets
with low industrial
vacancy rates are Orange County and Los Angeles, while markets
with high
vacancy rates are Boston and San Jose, Calif..
The markets
with the
lowest office
vacancy rates are Washington, D.C. and New York City and cities
with the highest are Detroit and Dayton, Ohio.
Areas
with the
lowest multifamily
vacancy rates currently are Sacramento, Calif., 2.5 percent; Orange County, Calif., 2.6 percent; Hartford, Conn., and Oakland - East Bay at 2.7 percent; and Rochester, N.Y., at 2.8 percent.