LendingTree, the online loan marketplace, recently released its study on the metros with the highest homeowner vacancy rates
, which is the proportion of the homeowner housing inventory which is vacant for sale.
One final observation: it appears that equilibrium vacancy rates
tend to be lower for residential properties and higher for office properties.
Jones Lang LaSalle announced that despite slower leasing volume over the summer, vacancy rates
have fallen in Manhattan in all office building classes and every submarket in the third quarter of 2011.
The city's ranking plummeted to 39 among 43 metropolitan areas in the U.S., compared to 24 last year, in the survey that considers apartment vacancy rates
, employment and construction data, housing affordability and rents.
At the end of the third quarter, the lowest vacancy rates
in the nation were in Boston at 7 percent; New York at 7.4 percent; Washington, D.C., at 7.9 percent; New Haven, Connecticut, at 8 percent; and Portland, Oregon, at 8.56 percent.
Commercial construction hit the brakes during the first quarter of 2008, allowing positive net absorption and improved vacancy rates
in some commercial submarkets, according to data from the first-quarter 2008 Skyline Report.
For example, if both physical and economic vacancy rates
increase simultaneously, it could be indicative of weak market conditions caused by soft demand growth or a sudden spike in the supply of apartments.
Despite having higher apartment vacancy rates
and lower interest rates for home ownership, affordable rental housing continues to be in short supply, according to the Where's Home?
Over-supply, they contended, would push office vacancy rates
in Tokyo into the double figures.
Seventeen of Canada's 28 CMAs have higher vacancy rates
than one year ago.
The conference also looked at vacancy rates
and apartment rentals in the city.
While Midtown South recorded a significant drop in vacancy rates
in all property classes, the Midtown submarket posted the first increase in Class A vacancy rates
in more than a year.