Vacancy rate


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Vacancy rate

The ratio of the currently vacant area to the total available space.
References in periodicals archive ?
LendingTree ranked the nation's 50 largest metropolitan areas from highest to lowest homeowner vacancy rates. Typically, areas with higher vacancy rates are more affordable to the average consumer, but that doesn't necessarily mean that areas with high vacancy rates are always going to be more affordable than areas with lower rates.
The metro retail vacancy rate bumped upward to 11.3 percent after the closings of Sam's Club in Greece and Henrietta, Sears in Greece and several Tops Markets locations.
The historic low vacancy rate and the performance lower than the market is driven by the expansion and relocation of companies in manufacturing, transportation, and data centers.
The purpose of this article is to (1) explore the concept of market equilibrium by tracing its evolution, (2) present a new definition for market equilibrium and equilibrium vacancy rate, and (3) offer possible applications of the new approach to market equilibrium.
BGC accounted for more than half of the new supplies with 140,800 sq m, but the robust demand in this submarket held the vacancy rate low for grade A offices at 3.8 percent of total stock, the report said.
Based on DGBAS's surveys in past years, the job vacancy rate this February was relatively higher than the period of global financial crisis, but only slightly higher than the level of 2.7% recorded before the crisis.
Midtown South's Class A buildings saw vacancy rates fall to 6.2 percent this quarter, a drop of 4.9 percent from the Class A vacancy rate of 6.5 percent the previous quarter.
The outlook for the office rental business is bleak for the first half of this year as demand shows little sign of improving, with the vacancy rate hovering around the 9 percent level since the second half of last year, said Miki Shoji.
The building also drove Manhattan's Class A vacancy rate to its highest level in 13 years, the report says, reaching 12.8 percent in March.
The national office vacancy rate increased to 10.6 percent during the third quarter from 10.2 percent the previous quarter, while the sublease vacancy rate rose to 1.5 percent at the end of September from 1.2 percent at the end of June, noted Cushman & Wakefield.
It is accounting for this foregone revenue that makes the "economic vacancy rate" a more useful measure of vacancy to apartment owners.
Ikoma's office market report remarks that "local regions continue to face the problems of prolonged sluggishness of demand and high vacancy rate that is over and above the level in primary cities."