Leasing
National Vacancies
Net absorptions for office markets decreased in all regions in the third quarter of 2017, compared to the same period in 2016. The Northeast registered the most significant drop—down by 73.7 percent—, and the West followed with a 45.3 percent decrease.
National Vacancies
Forecasts show that, in the second quarter of 2018, net absorptions are expected to decrease in every region, with the most significant change expected to come from the Northeast, followed by the South with 13.8 percent.
National Vacancies
Year-over-year, vacancy rates for retail markets decreased in almost all the regions, with the largest change coming from the Midwest, from 6 percent to 5.6 percent in the second quarter of 2017.
National Vacancies
Net absorptions for office markets decreased during the second quarter of 2017, compared to the same quarter of 2016, in all regions.
Demographic Shifts Pick Up Speed in Orange County
Employment gains, a moderate supply of new development and a high barrier to homeownership have bolstered strong multifamily demand in Orange County, pushing up rents and keeping occupancy over 96 percent.
Oil Prices, Supply Still Influence Houston’s Market
The outlook for Houston’s multifamily sector will stay cloudy as the market continues to show signs of instability, mostly due to negative rent growth and decreasing occupancy in the upscale Lifestyle segment.
Steady Growth Cultivates Building Boom in Columbus
Rents are escalating due to steady employment gains and net in-migration, driven by activity associated with Ohio State. Average rent reached $876, well below the national figure of $1,316.
Eds and Meds Spur Growth in Pittsburgh
Despite a slowly shrinking population, the city’s multifamily market remains steady, bolstered by increased hiring in recession-resistant sectors. Through May, rents rose 0.3 percent, trailing the nation’s 1.5 percent rate, Yardi Matrix data shows.
Tech Scene Stays Hot, Rent Growth Cools in San Jose
Rent growth has been decelerating since it reached double-digit levels in 2015. As of May, the metro’s $2,675 average rent was more than double the national average of $1,316, according to Yardi Matrix.
Positive Momentum in Atlanta
A rapidly rising population is adding to the city’s congestion issues, but also fostering demand for apartments and pushing rents higher. Rents were up 2.9 percent to $1,108 as of May, and Yardi Matrix forecasts a 3.5 percent increase in 2017.