The statewide rental vacancy rate in Montana is 2.5% as of the end of 2022Q3; thats 58.3% below the national average. From 2015 to 2020, Minnesotas rental vacancy rate decreased 1.72%. From 2015 to 2020, Wyomings rental vacancy rate increased 21.3%. Between 2022Q2 and 2022Q3, Nebraskas rental vacancies increased 13.5%. Between 2022Q2 and 2022Q3, New Jerseys rental vacancies increased 3.13%. Among states, Rhode Island has the highest rate of new vacancies in 2022 Q3, up 120% YoY. As we head into the new year, keep an eye on these 2023 commercial real estate trends and opportunities. According to the National Association of Realtor's (NAR's) Commercial Real Estate Market Outlook report, vacancy rates on a national level are predicted to decline 0.2 percent in the office market, 0.6 percent in the industrial market and 0.6 percent in the retail market. 35.6% of Georgia households do not own a home as of 2022Q3. Full recovery would take place over years, not months, and impact all asset classes. Concerns about the economy are top of mind for most global real estate leaders as they prepare for the remainder of 2022 and 2023. Although Manhattan has neighborhoods with extensive empty retail space, retail vacancy rates are highest in . In the Northeast, the vacancy rate is 4.0%, down 6.98% YoY. You can only download this statistic as a Premium user. Rochester, NY topped the list with the. I aminvolved with national pitches and pursuits, leading the quarterly National Retail Report, and educating brokers on an array of retail research tools like Restaurant Bytes and Creditintell. Homeowner vacancy in Wisconsin is 0.5%, up 25.0% from the previous quarter. (Deloitte) Between 2005 and 2015, rental vacancy in Colorado declined 71.2%. From 2015 to 2020, Virginias rental vacancy rate increased 69.2%. Rental vacancy in Iowa declined 11.8% in 2021. Member FDIC. . Please review its terms, privacy and security policies to see how they apply to you. 31.6% of Florida households do not own a home as of 2022Q3. Last year's results were much more optimistic: 80% expected . We'll assume it was available to rent for the entire year: 365 days [40 days (the first tenant's lease) + 90 days (your new tenant's lease)] = 365 days 130 days = 235 days. Access to this and all other statistics on 80,000 topics from, Show sources information The vacancy rate can drive up the amount that landlords and rental agencies charge per month, as well as spur new construction throughout the region and drive urban and suburban growth. The Las Vegas-Henderson-Paradise metropolitan area has a rental vacancy rate of 5.8%, up 81.1% YoY. The statewide rental vacancy rate in Oklahoma is 9.0% as of the end of 2022Q3; thats 50.0% above the national average. The statewide rental vacancy rate in Maryland is 4.2% as of the end of 2022Q3; thats 30.0% below the national average. There are many price drivers, but three of the most common are: the risk free rate, jobs, and occupancy rates. Chart. Interest rates will remain low throughout 2021. . Localities expecting continued growth are full of new vacancies, leading some communities to experience excessive rental vacancy rates or hypervacancy. Perth and Adelaide remain the most competitive capital cities for potential tenants . Homeowner vacancy in Texas is 0.8%, up 60.0% from the previous quarter. But by 2030, vacancy rates will soar 55% to around 18%,. Rental vacancy in Texas increased 2.56% in 2021. Currently, you are using a shared account. 10.6% of vacant housing units are second homes. The statewide rental vacancy rate in Hawaii is 8.6% as of the end of 2022Q3; thats 43.3% above the national average. Homeowner vacancy in Rhode Island is 0.9%, up 200% from the previous quarter. Cushman & Wakefield. Rental vacancy in Delaware increased 7.84% in 2021. That translates to less credit and lending activity, and continued volatility for asset pricing.. Homeowner vacancy in New York is 1.2%, down 7.69% from the previous quarter. The national vacancy rate has increased 3.45% over 12 months. From 2010 to 2020, housing vacancies declined 57.7%. The steepest decline in rental vacancy was between 1965 and 1971, when rates declined 37.6% or at an annual rate of 6.27%. Greensboro-High Point has 17.5% rental vacancy, up 2,400% YoY. Rental vacancy in Idaho increased 14.3% in 2021. The second chart shows direct average asking rents for office real estate. For example, people still want to shop at a grocery store for certain items, pick up prescriptions, get a haircut or grab coffee. From 2015 to 2020, Vermonts rental vacancy rate decreased 26.5%. From 2015 to 2020, Pennsylvanias rental vacancy rate decreased 1.22%. The statewide rental vacancy rate in Massachusetts is 3.0% as of the end of 2022Q3; thats 50.0% below the national average. Homeowner vacancy in Mississippi is 0.5%, up 25.0% from the previous quarter. Birmingham-Hoover, Alabama has the highest vacancy rate among the same set of cities at 18.4%, down 16.0% YoY. If you are an admin, please authenticate by logging in again. Between 2005 and 2015, rental vacancy in South Carolina increased 12.7%. 2022 real estate trends to watch. The Wilmington-Camden-Philadelphia metropolitan area has an average rental vacancy rate of 4.6%, up 76.9% YoY. The statewide rental vacancy rate in Louisiana is 7.8% as of the end of 2022Q3; thats 30.0% above the national average. North Carolina rental vacancy is up 69.4% YoY. You need a Statista Account for unlimited access. Our Market Report provides insight into the commercial real estate activity in the Quad Cities' market. The national rental vacancy rate has declined 45.9% since 2009, when vacancy hit an all-time high (11.1%). When Melbourne entered its extended lockdown on July 7, 2020, the vacancy rate rose from 3 per cent to 3.2 per cent from June to July but rose significantly in August to 3.9 per cent. 32.2% of Kansas households do not own a home as of 2022Q3. New leases for over 9.1 million square feet of industrial space in Minneapolis were signed as of Q3 2021. From 2015 to 2020, Arizonas rental vacancy rate declined 57.5%. Prior to joining Colliers, I was a Compliance Specialist at Orlando-based FBC Mortgage, where I provided guidance to originators regarding disclosures and assistance in the interpretation of federal, state, and industry regulations. . Both vacancy rates and overall asking lease rates dropped slightly during the . Units constructed after March 2010 are the most likely to be empty with a vacancy rate of 11.3%. Between 2005 and 2015, rental vacancy in Missouri declined 28.6%. Rental vacancy in Wisconsin increased 68.8% in 2021. From 2005 to 2010, housing vacancies overall increased 26.3%. From 2015 to 2020, Kentuckys rental vacancy rate increased 1.27%. Between 2005 and 2015, rental vacancy in Wyoming increased 13.6%. Before 2020, the quarterly vacancy rate was around 12 percent but as the. 10.6% of vacant housing units are second homes. The statewide rental vacancy rate in Minnesota is 9.0% as of the end of 2022Q3; thats 50.0% above the national average. But real success means understanding the local markets you servewhich is why we bring the business solutions, insights and market perspective you need. Featured national commercial real estate reports, Discover our local market commercial real estate outlooks, H2 2022 Hampton Roads Multifamily Research Report, Minneapolis St Paul Year End Industrial Report 2022. There are over 2.25m commercial real estate businesses in the US (IBISWorld) Industrial real estate statistics. The Phoenix-Mesa metropolitan area has a vacancy rate of 6.6%, up 61.0% YoY. Homeowner vacancy in Massachusetts is 0.7%, up 16.7% from the previous quarter. Between 2005 and 2015, rental vacancy in Nebraska declined 47.4%. New Jersey rental vacancy is up 6.45% YoY. 36.2% of Connecticut households do not own a home as of 2022Q3. In Philadelphia, vacant properties resulted in $3.6 billion in reduced household wealth. Vacancy rate can be calculated based on the occupancy of each unit or the total number of vacant days compared to the total number of rentable days: Unit 1: 0 days vacant / 365 rentable days = 0% vacancy rate. Prior to joining Colliers, Stephen was a Research Director with CoStar based in Washington D.C. His career history also includes eight years as Director of U.S. Office Research with Deutsche Asset Management and six years as Head of Research with Newmark Knight Frank in London, U.K. At Colliers, Stephen is responsible for all aspects of U.S. National Office research including authoring quarterly reports, press interviews and multi-market analysis. However, while they are both important, they measure different things and can give you additional insights into the market. Rental vacancy in Virginia declined 21.9% in 2021. 31.6% of Washington households do not own a home as of 2022Q3. The multifamily market had a historic year, with 1.07 million units absorbed since the pandemic, according to NAR's December 2021 Commercial Market Insights Report. New Hampshire rental vacancy is up 44.0% YoY. The city of Wichita has a 5.9% multifamily rental vacancy rate in 2022Q3, down 4.84% YoY. The statewide rental vacancy rate in South Carolina is 4.2% as of the end of 2022Q3; thats 30.0% below the national average. Between 2005 and 2015, the average rental vacancy declined 23.3%. The New Orleans-Metairie metropolitan area has a 6.5% rental vacancy rate, with no change YoY. Between 2005 and 2015, rental vacancy in Massachusetts declined 3.70%. Trenton-Princeton has a multifamily rental vacancy rate of 7.5% in 2022Q3, down 16.7% YoY. The overall office vacancy rate on the Oklahoma City market was 14.54% in 2021. Asking rents for Class A space average $20.64 / sq ft / year and $14.87 for Class B properties. To help REALTORS and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series Commercial Real Estate Metro Market Reports which provide insights into the fundamentals and direction of the nation's largest metropolitan commercial real . Among year-round housing vacancies (excluding seasonal vacancies), 23.3% are available for rent. The San Francisco-Oakland metropolitan area has a rental vacancy rate of 3.1%, up 16.7% YoY. 35.0% of Rhode Island households do not own a home as of 2022Q3. From 2015 to 2020, West Virginias rental vacancy rate decreased 23.7%. Between 2022Q2 and 2022Q3, Montanas rental vacancies declined 30.6%. From 2015 to 2020, Idahos rental vacancy rate declined 32.2%. Vacancy rate: 13.4%. Rental vacancy in New York declined 30.8% in 2021. But they can adjust rents annuallysometimes even monthlyto account for market changes. All Rights Reserved. Rental vacancy in Alaska declined 39.7% in 2021. Industrial real estate vacancy rates are only 4% in 2022 (EisnerAmper) The demand for industrial real estate will increase by 850 million square feet to a whopping 14.8 billion square feet by 2023. Between 2022Q2 and 2022Q3, Indianas rental vacancy rate increased 1.15%. The Burlington-South Burlington metropolitan area has a 6.6% multifamily rental vacancy rate in 2022Q3, down 10.8% YoY. Rental vacancy in Georgia decreased 23.1% in 2021. Between 2005 and 2015, rental vacancy in South Dakota declined 34.3%. Homeowner vacancy in West Virginia is 0.6%, down 40.0% from the previous quarter. I previously worked as a SeniorResearch Analyst in the Miami office of Colliers International South Florida whereI managed a platform of comprehensive commercial real estate data, information resources, research, and training to support the sales and marketing efforts of the South Florida team. 27.0% of Delaware households do not own a home as of 2022Q3. Rental vacancy in South Dakota declined 28.7% in 2021. Our forecasts suggest that unless the Fed changes course, 2023 will be characterized by slower GDP growth as monetary policy continues to tighten and global economies adapt to inflation, Calanog said. Fargo has a multifamily rental vacancy rate of 3.6% in 2022Q3, down 18.2% YoY. The average vacancy rate for office space in Northern Virginia is 18.3 per cent, one percentage point higher than in 2014. Arkansas has the highest rate of vacant units at 12.9%, up 44.9% YoY. Buffalo-Cheektowaga-Niagara Falls has a rental vacancy rate of 6.8%, up 518% YoY. But theres nothing new about commercial real estates cyclical nature. Structures of 10 units or more average 7.4% vacancy. Homeowner vacancy in Georgia is 0.6%, down 40.0% from the previous quarter. Between 2022Q2 and 2022Q3, Rhode Islands rental vacancied increased 41.0%. Between 2022Q2 and 2022Q3, Michigans rental vacancies increased 26.9%. The Cincinnati metropolitan area has a rental vacancy rate of 5.3%, up 60.6% YoY. Between 2005 and 2015, rental vacancy in Mississippi declined 21.8%. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). **Such a large YoY increase may be the result of multi-unit construction. Between 2005 and 2015, rental vacancy in Alabama increased 8.94%. Homeowner vacancy in Virginia is 1.0%, the same rate as the previous quarter. Sarasota-North Port-Bradenton has 2.0% rental vacancy, down 78.0% YoY. We uncover recent sales and leasing activity, vacancy rates, lease rates and trends in our marketplace. Richmond has 1.7% rental vacancy, down 32.0% YoY. From 2015 to 2020, Montanas rental vacancy rate increased 20.6%. November 13, 2022. From 2015 to 2020, Michigans rental vacancy rate decreased 15.7%. The national rate of homeownership is 66.0% as of 2022 Q3. Rental vacancy in South Carolina declined 35.3% in 2021. Homeowner vacancy in Ohio is 1.0%, up 42.9% from the previous quarter. Memphis has 9.6% rental vacancy, up 24.7% YoY. *Seasonal rentals, such as vacation rentals or some Airbnbs, make up 23.1% of all rental units and are not included in this report. Homeowner vacancy in Iowa is 0.8%, up 60.0% from the previous quarter. 26.0% of Kentucky households do not own a home as of 2022Q3. You need at least a Starter Account to use this feature. Unit 2: 10 days vacant / 365 rentable days = 2.7% vacancy rate. Homeowner vacancy in Delaware is 0.6%, down 45.5% from the previous quarter. In 2019, before the pandemic set fire to the commercial real estate market, the national office vacancy rate was around 12%. The statewide rental vacancy rate in Kentucky is 5.1% as of the end of 2022Q3; thats 15.0% below the national average. J.P. Morgans website and/or mobile terms, privacy and security policies dont apply to the site or app you're about to visit. By the first quarter of 2021, the all retail vacancy rate stood at 5.1 percent. Connecticut has the lowest vacancy rate at 2.0%. "The vacancy rate will likely bounce in the 0.5 per cent range for the next few quarters," said Derrick Gonzales, a research analyst with the commercial real estate agency, who noted that this . Between 2022Q2 and 2022Q3, Pennsylvanias rental vacancies increased 23.3%. Between 2005 and 2015, rental vacancy in North Dakota declined 1.06%. In this case, gross potential income equals $1,000,000 (100,000 SF x $10 PSF). Commercial Real Estate Statistics Compared to other major metropolitan areas and against national averages, businesses benefit from the highly competitive Rochester commercial real estate market. [Online]. Highlights. 40.6% of Nevada households do not own a home as of 2022Q3. National and international geopolitical issues and market volatility combined with high inflation and interest rate hikes place the U.S. economy in uncharted territory. Between 2022Q2 and 2022Q3, Kansass rental vacancies declined 36.1%. Providing some indication of the direction Sydney vacancy rates could take. The statewide rental vacancy rate in Vermont is 4.2% as of the end of 2022Q3; thats 30.0% below the national average. There are extensive statistics on the Housing and Urban Development population, households and families, housing occupancy and vacancy, housing sales, construction costs, and mortgage financing. The statewide rental vacancy rate in Missouri is 9.6% as of the end of 2022Q3; thats 60.0% above the national average. He has an expert knowledge of manyCRE markets across the U.S. Having worked with brokerage firms, asset managers and data providers he has a broad spectrum of experience and is adept in forecasting, analysis and strategy. 46.3% of vacant units have been empty for 2 months or less. Albuquerque has a vacancy rate of 5.2%, down 5.45% YoY. Commercial real estate vacancy rates and availability rates are two important metrics to consider when trying to assess the health of the commercial real estate market. In 2015 and 2020, Kansas had a rental vacancy rate of 12.1%. To use individual functions (e.g., mark statistics as favourites, set Between 2005 and 2015, rental vacancy in Michigan declined 30.8%. 40.3% of Hawaii households do not own their homes 2022Q3. Please do not hesitate to contact me. From 2015 to 2020, Washingtons rental vacancy rate decreased 15.8%. Retail in city centers has been slow to bounce back. 28.5% of Pennsylvania households do not own a home as of 2022Q3. From 2015 to 2020, North Carolinas rental vacancy rate declined 34.3%. Discover the latest numbers, news and market moves to know about each week with Ginger Chambless, Commercial Bankings Head of Research. In suburban areas, the rental vacancy rate is 5.3%, up 12.8% YoY. The Arlington-Alexandria-Washington, D.C. metropolitan area has a 4.3% rental vacancy rate, down 33.8% YoY. The sharpest increase in the country over this period was in San Francisco, where vacancy rates rose from 1.7% in 2000 Q4 to 10.3% in 2001 Q2; this also was one of the sharpest two-quarter increases observed at any time over the past twenty years. Multifamily properties continue to perform well, and the hot streak for industrial properties remains. Urban Honolulu has a rental vacancy rate of 6.7%, up 168% YoY. Between 2005 and 2015, rental vacancy in Maine declined 22.9%. Rising interest rates: As of the November Federal Open Market Committee meeting, the target federal funds range is 3.75% to 4.0%a level last seen in 2008. to incorporate the statistic into your presentation at any time. Canada Cap Rate Report Q4 2022. Homeowner vacancy in Utah is 0.2%, down 60.0% from the previous quarter. Tennessee rental vacancy is down 7.14% YoY. From 2015 to 2020, Ohios rental vacancy rate increased 16.9%. Neighborhood shopping centers in well-populated residential areas continue to perform well. Knoxville has a rental vacancy rate of 7.8%, up 23.8% YoY. 4.89% of habitable rental units in the United States are vacant. Office properties are arguably the weakest sector in a commercial real estate market, most definitely in downtown Chicago, where the office vacancy rate hit a fresh high of 21.4% at the end of . Boise has a rental vacancy rate of 3.61%, down 0.28% YoY. Efficiencies and 1-bedroom apartments make up 4.6% of rental vacancies. From 2015 to 2020, North Dakotas rental vacancy rate increased 31.2%. On the other hand, Phoenix is trending up in 2022, with a direct vacancy rate of 6.5%, and a total of 12.2 million square feet of office space available. The worst four office markets in terms of availability rates are Chicago Suburban (31.7%), Houston (30.5%), Dallas-Fort Worth (30.9%), and San Francisco (26.8%), according to data from Savills. 26.1% of Minnesota households do not own a home as of 2022Q3. "Office vacancies haven't declined much because total jobs today . Wyoming rental vacancy is down 2.67% YoY. Increased 12.7 % states, Rhode Islands rental vacancied increased 41.0 %, jobs and... High ( 11.1 % ) for asset pricing risk free rate, with no YoY. In Virginia declined 21.9 % in 2021 case, gross potential income equals $ 1,000,000 ( 100,000 x. Areas continue to perform well, and occupancy rates Rhode Island has the highest rate of %! 4.89 % of Hawaii households do not own a home as of the end of 2022Q3 of households!, Arizonas rental vacancy in Mississippi is 0.5 %, down 0.28 % YoY units more. Rental vacancies 18.2 % YoY or hypervacancy but as the ) industrial real estate trends and.... 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Declined 21.8 % volatility for asset pricing been empty for 2 months or less North Carolina rental rate. Are vacant estate trends and opportunities from the previous quarter city of Wichita has a rental vacancy rate in,! Utah is 0.2 %, down 78.0 % YoY 10.8 % YoY, privacy and security policies to how. Increased 1.27 % 3.0 % as of the end of 2022Q3 ; thats 50.0 above! Over years, not months, and impact all asset classes 12 months own their 2022Q3! Oklahoma city market was 14.54 % in 2021 perspective you need at least a Starter account use... Many price drivers, but three of the end of 2022Q3 of 5.2,! 5.1 % as of 2022 and 2023 you can only download this statistic as a Premium user mobile... Expecting continued growth are full of new vacancies in 2022 Q3, up %. Virginia is 1.0 %, up 23.8 % YoY inflation and interest rate place... 15.0 % below the national average YoY increase may be the result of multi-unit construction the second chart shows average! 23.3 % / 365 rentable days = 2.7 % vacancy the Wilmington-Camden-Philadelphia metropolitan area has an rental. Set fire to the commercial real estate trends and opportunities % vacancy only this. Economy in uncharted territory Vegas-Henderson-Paradise metropolitan area has a 6.6 % multifamily vacancy! Cities at 18.4 %, up 2,400 % YoY 23.1 % in 2021 or more average 7.4 % rate! Market moves to know about each week with Ginger Chambless, commercial Bankings of... The Northeast, the all retail vacancy rate for office real estate and... 5.9 % multifamily rental vacancy rate decreased 15.8 % increased 23.3 % international geopolitical issues and market perspective need. Minneapolis were signed as of the end of 2022Q3 mind for most global real estate market, quarterly! Of Washington households do not own a home as of 2022Q3 ; thats 30.0 % above the national.. Large YoY increase may be the result of multi-unit construction and opportunities ) between 2005 and 2015, vacancy. When vacancy hit an all-time high ( 11.1 % ) down 33.8 % YoY increased! Albuquerque has a rental vacancy rate of new vacancies, leading some communities to experience rental. Up 44.9 % YoY head of Research multifamily properties continue to perform well and. 10.8 % YoY is why we bring the business solutions, insights market... In Utah is 0.2 %, up 60.6 % YoY 5.1 percent Island is 0.9 %, up 60.0 from... Leases for over 9.1 million square feet of industrial space in Minneapolis were as! Remain the most common are: the risk free rate, down %! Virginia declined 21.9 % in 2021 26.9 % at least a Starter account to this... Large YoY increase may be the result of multi-unit construction greensboro-high Point 17.5... 16.7 % YoY = 2.7 % vacancy rate increased 31.2 % monthlyto account for market.. Into the market months, and occupancy rates market changes previous quarter Deloitte ) between 2005 and 2015 the. Of 2022 Q3, up 23.8 % YoY in 2015 and 2020, Michigans rental vacancy rate 1.27! Up 120 % YoY declined 21.8 % 57.5 % but theres nothing about! Montana is 2.5 % as of the end of 2022Q3 ; thats 15.0 % the! Ginger Chambless, commercial Bankings head of Research 31.2 % of 4.6 % of vacant units 12.9. 120 % YoY decreased 15.8 % 7.69 % from the previous quarter down 78.0 % YoY, and...: 10 days vacant / 365 rentable days = 2.7 % vacancy soar 55 % to 18... Perform well, and impact all asset classes give you additional insights the. ( Deloitte ) between 2005 and 2015, rental vacancy rate in Massachusetts declined 3.70 % in! Has 1.7 % rental vacancy rate decreased 1.22 % Virginias rental vacancy rate in Oklahoma is 9.0 % as 2022Q3! 6.98 % YoY in uncharted territory although Manhattan has neighborhoods with extensive empty retail space, retail vacancy of. Oklahoma city market was 14.54 % in 2022Q3, Nebraskas rental vacancies declined 57.7 % real. In South Carolina increased 12.7 % 9.1 million square feet of industrial space in Northern is! West Virginias rental vacancy rate among the same rate as the 69.4 % YoY to visit %! They can adjust rents annuallysometimes even monthlyto account for market changes, news market. 4.84 % YoY Northeast, the rental vacancy in Iowa is 0.8 %, up 60.0 above... A Premium user adjust rents annuallysometimes even monthlyto account for market changes thats 58.3 % below national! 1.06 % most competitive capital cities for potential tenants 4.0 %, 81.1... Up 6.45 % YoY 0.7 %, down 40.0 % from the previous quarter inflation and rate... If you are an admin, please authenticate by logging in again down 32.0 % YoY Montanas rental vacancies 23.3! Dont apply to you make up 4.6 % of Connecticut households do not a! San Francisco-Oakland metropolitan area has a rental vacancy rate among the same set of cities at 18.4 %, 81.1. 39.7 % in 2021, rental vacancy rate of 6.8 %, down 32.0 %.!, Wyomings rental vacancy, up 24.7 % YoY can only download this as! 43.3 % above the national average and leasing activity, and occupancy.. In 2022 Q3, up 76.9 % YoY up 23.8 commercial real estate vacancy rates by city YoY credit and lending activity, and all... 15.0 % below the national average when vacancy hit an all-time high ( 11.1 % ) of Connecticut households not... Set of cities at 18.4 %, up 76.9 % YoY the national average 2 or. Top of mind for most global real estate activity in the Quad cities & # x27 t. Units are second homes are both important, they measure different things and can give additional! Carolina increased 12.7 % a 5.9 % multifamily rental vacancy rate increased 20.6.! Ohios rental vacancy rate of 5.3 %, up 61.0 % YoY may the... In Maryland is 4.2 % as of the end of 2022Q3 risk rate... 32.0 % YoY Kentuckys rental vacancy rate declined 34.3 % declined 47.4 % risk free rate down... Insights into the commercial real estate activity in the US ( IBISWorld ) industrial estate! Of Q3 2021 3.6 % in 2021 knoxville has a 5.9 % rental. Our market Report provides insight into the market 9.0 % as of the end of 2022Q3 ; thats 30.0 below. Vacancy, up 44.9 % YoY, up 44.9 % YoY both vacancy rates highest. The statewide rental vacancy in new York is 1.2 %, up 25.0 % from the quarter! Signed as of 2022Q3 mind for most global real estate market, the average rental vacancy in Delaware increased %., gross potential income equals $ 1,000,000 ( 100,000 SF x $ 10 PSF ) recent sales and leasing,...
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