• Reis: Apartment Vacancy Rate increased in Q3 to 4.8%

    2 monthes ago - By Calculated Risk

    Reis reported that the apartment vacancy rate was at 4.8% in Q3 2018, up from 4.7% in Q2, and up from 4.4% in Q3 2017. This is the highest vacancy rate since Q3 2012. The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.1% in 2016.
    From Reis:
    The apartment vacancy rate increased in the quarter to 4.8% from 4.7% last quarter and 4.4% in the third quarter of 2017. The vacancy rate has now increased 70 basis points from a low of 4.1% in Q3 2016.
    The national average asking rent increased 1.2% in the third quarter while the average effective rent, which nets out landlord...
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  • Reis: Office Vacancy Rate unchanged in Q3 to 16.6%

    Reis: Office Vacancy Rate unchanged in Q3 to 16.6%

    2 monthes ago - By Calculated Risk

    Reis reported that the office vacancy rate was unchanged at 16.6% in Q3, from 16.6% in Q2 2018. This is up from 16.4% in Q3 2017, and down from the cycle peak of 17.6%.
    From Reis Economist Barbara Denham:
    Defying employment trends, the U.S. office market was flat in the third quarter at 16.6%. Once again, leasing activity remains tepid compared to previous expansions. Net absorption, or occupancy growth, was 3.54 million square feet, up from 3.48 million square feet last quarter, but down from an average of 5.9 million square feet absorbed per quarter in 2017. New completions fell to 5.93...
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  • Reis: Regional Mall Vacancy Rate increased Sharply in Q3 2018

    Reis: Regional Mall Vacancy Rate increased Sharply in Q3 2018

    2 monthes ago - By Calculated Risk

    Reis reported that the vacancy rate for regional malls was 9.1% in Q3 2018, up from 8.6% in Q2 2018, and up from 8.3% in Q2 2017. This is down from a cycle peak of 9.4% in Q3 2011, and up from the cycle low of 7.8% in Q1 2016.
    For Neighborhood and Community malls , the vacancy rate was 10.2% in Q3, unchanged from 10.2% in Q2, and up from 10.0% in Q3 2017. For strip malls, the vacancy rate peaked at 11.1% in Q3 2011, and the low was 9.8% in Q2 2016.
    Comments from Reis:
    Following months of announcements, a number of Sears and Bon-Ton stores closed their doors in the third quarter pushing the...
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