Manhattan’s office vacancy rate,
which climbed to a 12-year high of 13.3 percent in the third
quarter, could rise as high as 17 percent in a “worst-case”
scenario, commercial property broker Colliers ABR said today.
Housing vacancy rates climbed in the third quarter, with vacancy rate for rental units climbing to a record 11.1% from 10.6% in the second quarter, the Commerce Department reported Thursday. The number of vacant units for rent rose to a record...
Defining the relationship between Unemployment Rate & Civilian Labor Force in my previous post pushed my curiousity in
finding
more relationships between other economic variables. This time I
switched
to Economic Development, precisely...
Plunging rents are great news for renters, but they're lousy news for homeowners. Aaron Task and I discussed this issue on TechTicker this morning:
The vacancy rate for rental apartments in the U.S. is now 7.8% and climbing, says the...
It's very analagous to what happened with the residential market. Money was cheap, growth was rapid, and we built a lot more product than we needed.
- Mark Friedman, a prominent Sacramento commercial developer
Good article on the coming...
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