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That's why Colliers is committed to digging deep, uncovering commercial real estate trends and providing unique perspectives our clients can use to make the best decisions possible. Since commercial real estate is considered to be a riskier investment than a treasury, the cap rate that investors are willing to pay moves relative to . Between 2022Q2 and 2022Q3, Iowas rental vacancies increased 32.3%. Vacancy rates across the office real estate sector in the U.S. increased during the coronavirus pandemic. Miami Office: $44.9B Miami Industrial: $63.3B Miami Multifamily: $67.4B Miami Retail: $60.6B 6) Miami CRE Sales Statistics (Past 12 Months) Miami's commercial real estate market sales in 2022 across the four principal sectors. Homeowner vacancy in Delaware is 0.6%, down 45.5% from the previous quarter. Published: 2:21 PM Feb 27, 2023. Please review its terms, privacy and security policies to see how they apply to you. Between 2022Q2 and 2022Q3, Delawares rental vacancies increased 42.3%. Improve your working capital, reduce fraud and minimize the impact of unexpected disruptions with our treasury solutionsfrom digital portals to integrated payables and receivablesall designed to make your operations smoother and more efficient. Homeowner vacancy in Maryland is 0.6%, up at least 200% from the previous quarter. Homeowner vacancy in Arkansas is 2.2%, up 83.3% from the previous quarter. To use individual functions (e.g., mark statistics as favourites, set 15.3% of vacant rental units are in structures built prior to 1940. maintaining a historically low 6.4% vacancy rate with no change over H1 2022. Between 2005 and 2015, rental vacancy in Arizona declined 42.4%. From 2015 to 2020, Washingtons rental vacancy rate decreased 15.8%. Between 2022Q2 and 2022Q3, Indianas rental vacancy rate increased 1.15%. From 2015 to 2020, Alabamas rental vacancy rate increased 19.4%. In southern states, the rental vacancy rate is 7.3%, up 1.39% YoY as of 2022 Q3. Between 2005 and 2015, rental vacancy in New Hampshire increased 43.2%. Now let's assume an investor has a 3-unit triplex multifamily property. Plus, supply chain issues persist, and inflation is near 40-year highs, prompting the Fed to steadily increase interest rates. From 2015 to 2020, Oklahomas rental vacancy rate increased 21.3%. Homeowner vacancy in Hawaii is 0.9%, decline 18.2% the previous quarter. In the Midwest, the vacancy rate is 7.1%, up 12.7% YoY. From 2015 to 2020, Minnesotas rental vacancy rate decreased 1.72%. When the vacancy rate is applied, the vacancy loss is $100,000 ($1,000,000 x 10%). E-commerce accounts for less than 20% of retail sales, Aerospace, Defense and Government Services. The Charlotte-Concord-Gastonia metropolitan area has a rental vacancy rate of 9.1%, up 56.9% YoY. 35.6% of Georgia households do not own a home as of 2022Q3. Hampton Roads Market Demand and Rent Growth End the Year Above National Averages. Rental vacancy in New York declined 30.8% in 2021. Between 2005 and 2015, rental vacancy in Texas declined 37.2%. The statewide rental vacancy rate in Alaska is 6.2% as of the end of 2022Q3; thats 3.33% above the national average. Homeowner vacancy in Florida is 1.4%, a 6.67% decline from the previous quarter. Montana rental vacancy is down 34.2% YoY. Between 2022Q2 and 2022Q3, D.C.s rental vacancies declined 9.41%. Rental vacancy in Michigan decreased 18.5% in 2021. Homeowner vacancy in South Dakota is. New leases for over 9.1 million square feet of industrial space in Minneapolis were signed as of Q3 2021. Homeowner vacancy in Idaho is 1.1%, up 120% from the previous quarter. Homeowner vacancy in Michigan is 0.5%, with no change from the previous quarter. The statewide rental vacancy rate in Maryland is 4.2% as of the end of 2022Q3; thats 30.0% below the national average. Outside metropolitan statistical areas, rental vacancy is 7.0%; this is up 9.38% YoY. 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 . 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. Between 2022Q2 and 2022Q3, Arizonas rental vacancies increased 21.8% from a rate of 5.5%. Between 2005 and 2015, rental vacancy in Arkansas declined 21.7%. In the second quarter of this year, the commercial. Office vacancy rates across the country stand at a record 19.1 percent, with Chicago, Houston and San Francisco running above 20 percent, according to Jones Lang LaSalle, a commercial real. 46.0% of New York households do not own a home as of 2022Q3. Rental vacancy in Maine increased 28.9% in 2021. "Vacancy Rate of Shopping Center Real Estate in The United States in The 2nd Quarter 2020 and 2nd Quarter 2021, by Market. Revenue expectations for 2023 are mixed among those surveyed40% say revenues should increase, 48% see revenues decreasing, and 12% expect no change. Homeowner vacancy in Ohio is 1.0%, up 42.9% from the previous quarter. The statewide rental vacancy rate in Kentucky is 5.1% as of the end of 2022Q3; thats 15.0% below the national average. Between 2005 and 2015, rental vacancy in Maine declined 22.9%. 5.6% of vacant units have been empty for 2 years or more. 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. Between 2022Q2 and 2022Q3, Connecticuts rental vacancy rate declined 4.76%. Download Full Report. Rental vacancy statistics indicate dramatic reduction in renters on the coasts; this may indicate a population decline or an increase in homeownership. Houston, Texas& has an 8.8% rental vacancy rate (down 25.8% YoY), which is the highest vacancy rate among major cities where the population exceeds 1 million. 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. The Tampa-St. Petersburg-Clearwater metropolitan area rental vacancy rate is 9.7%, up 38.6% YoY. In Sarasota, Florida, vacancies nearly tripled in 2021. The Indianapolis-Carmel-Anderson metropolitan area has an 11.9% rental vacancy rate, up 91.9% YoY. Top-ranked, fully integrated services for selling, leasing or developing commercial real estate in Montreal and throughout Quebec. Member FDIC. From 2000 to 2004, vacancy rates rose 31.6% or annual rate of 7.9%. The statewide rental vacancy rate in New Mexico is 5.4% as of the end of 2022Q3; thats 10.0% below the national average. Net absorption totaled negative 536,561 square feet during the fourth quarter of 2022, equating to negative 965,693 square feet during the past four quarters. Between 2022Q2 and 2022Q3, New Hampshires rental vacancies declined 20.0%. San Antonio-New Braunfels has 4.6% rental vacancy, up 100% YoY. The national rental vacancy rate is 6.0%. These 10 Markets Have Rising Commercial Vacancy RatesRemote Work Is Hurting Investors New York City commercial vacancy rates have increased by almost 6% since before the pandemic as remote work slams the sector Oct 05, 2022 6 min read In this article J.P. Morgans website and/or mobile terms, privacy and security policies dont apply to the site or app you're about to visit. Originally published byCommercial Observeron December 2, 2022. Homeowner vacancy in New Mexico is 0.9%, down 10.0% from the previous quarter. The city of Wichita has a 5.9% multifamily rental vacancy rate in 2022Q3, down 4.84% YoY. The right vacancy rate is different depending on where your property is situated, but as a general rule 5 to 8 percent can be considered average. Homeowner vacancy in Missouri is 0.9%, up 200% from the previous quarter. Between 2005 and 2015, rental vacancy in Ohio declined 45.8%. The vacancy rate for commercial property is determined by multiplying the number of vacant units by 100 and finally dividing the same by total number of units in the property. Published Feb 22, 2023. Based in Chicago, Amanda partners with national and local teams to deliver market intelligence initiatives and provide direction to drive national competitive advantage through research strategy, development and analytics. Rental vacancy in Delaware increased 7.84% in 2021. The overall office vacancy rate on the Oklahoma City market was 14.54% in 2021. Nebraska rental vacancy is down 23.4% YoY. From 2015 to 2020, West Virginias rental vacancy rate decreased 23.7%. The Cheyanne metropolitan area had a multifamily rental vacancy rate of 2.9% in 2022Q1, up 93.3% YoY. Rental vacancy in Washington declined 5.26% in 2021. *Seasonal rentals, such as vacation rentals or some Airbnbs, make up 23.1% of all rental units and are not included in this report. The ideal entry-level account for individual users. Between 2022Q2 and 2022Q3, Tennessees rental vacancies declined 12.4%. The statewide rental vacancy rate in Nevada is 5.9% as of the end of 2022Q3; thats 1.67% below the national average. Rental vacancy in Alaska declined 39.7% in 2021. Between 2005 and 2015, rental vacancy in Wisconsin declined 33.0%. This statistic is not included in your account. From 2015 to 2020, Michigans rental vacancy rate decreased 15.7%. In 2022 Q3, New Haven-Milford, Connecticut has the lowest rental vacancy rate (0.6%, down 88.2% YoY) among the 75 most-populated metropolitan statistical areas. 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. Homeowner vacancy in Rhode Island is 0.9%, up 200% from the previous quarter. E-commerce will likely serve as a tailwind for the logistics industryand industrial warehouse and distribution propertiesfor at least 10 years, Calanog said. The drop of 3,000 claims was a surprise to economists, who had predicted an increase to 200,000. The St. Louis rental vacancy rate is 5.5%, down 5.17% YoY. Between 2005 and 2015, rental vacancy in Nevada declined 24.3%. Vacancy rate: 13.4%. From 2015 to 2020, D.C.s rental vacancy rate increased 45.1%. Rental vacancy in Georgia decreased 23.1% in 2021. With a 26.8% vacancy rate, Charleston, South Carolina experienced exceptionally high hypervacancy in the second quarter of 2020. New Hampshire rental vacancy is up 44.0% YoY. 27.0% of New Mexico households do not own a home as of 2022Q3. According to Zillows methodology, typical monthly rent prices were $2,090 in August 2022, up 12.3% YoY. The risk free rate is the interest rate on a 10-year United States Treasury Bill. Homeowner vacancy in North Carolina is 0.7%, down 12.5% from the previous quarter. The office vacancy rate represents the percentage of available rental units out of known commercial rental units. 33.7% of North Dakota households do not own a home as of 2022Q3. The statewide rental vacancy rate in Virginia is 3.3% as of the end of 2022Q3; thats 45.0% below the national average. Homeowner vacancy in West Virginia is 0.6%, down 40.0% from the previous quarter. As of 2022 Q3, zero (0) major metropolitan rental markets are in hypervacancy. 28.4% of Wisconsin households do not own a home as of 2022Q3. Localities expecting continued growth are full of new vacancies, leading some communities to experience excessive rental vacancy rates or hypervacancy. The statewide rental vacancy rate in Connecticut is 2.0% as of the end of 2022Q3; thats 66.7% below the national average. The Minneapolis-St. Paul-Bloomington metropolitan area has a vacancy rate of 9.1%, up 214% YoY. Rental vacancy in South Carolina declined 35.3% in 2021. Rental vacancy in Mississippi increased 46.6% in 2021. You can only download this statistic as a Premium user. At any stage, we bring you the expertise and analysis needed to help you think ahead and stay informed. The national retail (all retail) vacancy rate has drifted upward since late 2018 (see the chart). The fourth quarter of 2022 was impacted by rate hikes and . Rental vacancy in Nebraska declined 25.8% in 2021. Prepare for future growth with customized loan services, succession planning and capital for business equipment or technology. The Tucson metropolitan area has a rental vacancy rate of 11.1%, up 37.0% YoY. Rental vacancy in Illinois declined 5.88% in 2021. Between 2005 and 2015, rental vacancy in Alabama increased 8.94%. Unit 2: 10 days vacant / 365 rentable days = 2.7% vacancy rate. Q4 2022 Salt Lake City Industrial Report. Between 2005 and 2015, rental vacancy in Massachusetts declined 3.70%. The statewide rental vacancy rate in Ohio is 4.9% as of the end of 2022Q3; thats 18.3% below the national average. The . 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. Commercial property vacancy rates Commercial property vacancy rates, news, insights and market data. Connecticut rental vacancy is down 51.2% YoY. and Quebec City's most prominent neighborhoods. End-of-year figures from the commercial agency show Sydney maintained its status as the world's tightest industrial property market, after the vacancy rate for buildings 5000 square metres. Its about time the internet had a single place with all of the most up-to-date information from leading experts in property management, investing and real estate law. Demand for affordable and workforce housing far outweighs supply. Homeowner vacancy in Utah is 0.2%, down 60.0% from the previous quarter. Major cities will continue to see population decline. Between 2022Q2 and 2022Q3, Mississippis rental vacancies declined 1.23%. Between 2005 and 2015, rental vacancy in West Virginia declined 23.8%. The statewide rental vacancy rate in Georgia is 6.7% as of the end of 2022Q3; thats 11.7% above the national average. Between 2005 and 2015, rental vacancy in Oklahoma declined 37.0%. The statewide rental vacancy rate in Massachusetts is 3.0% as of the end of 2022Q3; thats 50.0% below the national average. Its important to look at each of these macroeconomic factors: Together, these factors may lead to a mild to moderate recession in 2023. Between 2005 and 2015, rental vacancy in Tennessee declined 24.5%. Urban Honolulu has a rental vacancy rate of 6.7%, up 168% YoY. Illinois rental vacancy is down 12.5% YoY. Al Brooks, Head of Commercial Real Estate, Commercial Banking. Between 2005 and 2015, rental vacancy in Alaska increased 23.2%. **Such a large YoY increase may be the result of multi-unit construction. Multifamily properties continue to perform well, and the hot streak for industrial properties remains. Homeowner vacancy in Connecticut is 1.4%, down 65.0% from the previous quarter. The multifamily rental vacancy rate in Sioux Falls is 4.8% in 2022Q3, down 23.8% YoY. Rental vacancy in North Dakota decreased 5.88% in 2021. Her knowledge of the macro and micro factors affecting the commercial real estate market results in proactively positioned research. Between 2022Q2 and 2022Q3, Washingtons rental vacancies increased 37.5%. Are you interested in testing our business solutions? Homeowner vacancy in Kansas is 1.0%, down 9.09% from the previous quarter. 27.4% of Missouri households do not own a home as of 2022Q3. Apartments with 6 or more rooms have a vacancy rate of 4.9%. Terms & Privacy | Legal Disclaimer | Sitemap | Contact Us, United States Census Bureau (Census), Housing Vacancies and Homeownership, National Association of Realtors, Commercial Real Estate Metro Market Reports, Keller Williams Realty Boise, Boise Rental Market & Vacancy Rates, Census, Population and Housing Unit Estimates, Redfin News, Housing Market News: Rental Tracker, The Empty House Next Door: Understanding and Reducing Vacancy and Hypervacancy in the United States, The national rental vacancy rate declined, Rental vacancy in principal cities declined, The median monthly rental price among vacancies was. We tend to believe that an increase in vacancy rates is bad news for property owners. While specific rates can vary from city to city, overall, the nation's commercial vacancy rates are expected to be 12.3% this year, which is on par with 2022 . Among states, Rhode Island has the highest rate of new vacancies in 2022 Q3, up 120% YoY. Between 2005 and 2015, rental vacancy in Montana declined 60.7%. Market Insights Rate rises another blow to a struggling retail sector News What you need to know in property this week The statewide rental vacancy rate in Wyoming is 7.3% as of the end of 2022Q3; thats 21.7% above the national average. But they can adjust rents annuallysometimes even monthlyto account for market changes. Homeowner vacancy in Nebraska is 0.4%, down 20.0% from the previous quarter. Homeowner vacancy in Colorado is 0.3%, the same as the previous quarter. Homeowner vacancy in South Carolina is 0.8%, up 33.3% from the previous quarter. Between 2005 and 2015, rental vacancy in New Mexico increased 14.3%. Consider what type of building it applies to . Charleston-North Charleston-Summerville has a rental vacancy rate of 6.9%, down 30.3% YoY. From 2015 to 2020, Wisconsins rental vacancy rate decreased 57.7%. Currently, you are using a shared account. From 2015 to 2020, Alaskas rental vacancy rate increased 18.8%. Now divide that number by the days the apartment . With economists estimating a 2024 vacancy rate to be as high as 53%, investors are struggling to come to terms with the city that once was. Between 2022Q2 and 2022Q3, Californias rental vacancies remained stable. Between 2005 and 2015, rental vacancy in Oregon declined 37.5%. As we head into the new year, keep an eye on these 2023 commercial real estate trends and opportunities. Minnesota began and ended 2021 with a 5.1% rental vacancy rate. Rental vacancy in Iowa declined 11.8% in 2021. Rental vacancy in Kentucky increased 9.09% in 2021. Austin-Round Rock has 5.2% rental vacancy, down 28.8% YoY. Thus demand increased enough to keep the vacancy rate steady from quarter to quarter. By the first quarter of 2021, the all retail vacancy rate stood at 5.1 percent. As of 2022 Q3, the homeowner vacancy rate is 0.9%. From 2015 to 2020, Colorados rental vacancy rate increased 2.27%. to incorporate the statistic into your presentation at any time. Homeowner vacancy in Nevada is 1.1%, up 22.2% from the previous quarter. Between 2005 and 2015, rental vacancy in Minnesota declined 47.3%. For example, assume that the same 100,000 SF property has average rents of $10 PSF. Connecticut and Virginia have the greatest rate of decline at 51.2% and 50.0%, respectively. From 2005 to 2010, housing vacancies overall increased 26.3%. The Fed anticipates more increases into 2023, which could negatively impact commercial real estate owners. Between 2005 and 2015, rental vacancy in Colorado declined 71.2%. Between 2022Q2 and 2022Q3, Louisianas rental vacancies increased 18.2%. The vacancy rates of shopping center real estate in the United States varied between different cities as of the second quarter of 2020 and 2021. Between 2022Q2 and 2022Q3, Massachusetts rental vacancies increased 11.1%. . The San Francisco-Oakland metropolitan area has a rental vacancy rate of 3.1%, up 16.7% YoY. The steepest decline in rental vacancy was between 1965 and 1971, when rates declined 37.6% or at an annual rate of 6.27%. Massachusetts rental vacancy is up 42.9% YoY. 27.7% of Idaho households do not own a home as of 2022Q3. 39.1% of Massachusetts households do not own a home as of 2022Q3. The statewide rental vacancy rate in Indiana is 8.8% as of the end of 2022Q3; thats 46.7% above the national average. Homeowner vacancy in Kentucky is 0.5%, down 37.5% from the previous quarter. The homeowner vacancy rate in Vermont is 0.7%, up 40.0% from the previous quarter. Units constructed after March 2010 are the most likely to be empty with a vacancy rate of 11.3%. 33.5% of Arkansas households do not own a home as of 2022Q3. From 2015 to 2020, vacancy increased 19.2%. The retail vacancy rate in Greenpoint and. 26.1% of Minnesota households do not own a home as of 2022Q3. The city's office market has a vacancy rate of 16 percent, while the sublease vacancy rate is 5 percent; both are higher than they were during recent economic crises. Asking rents for Class A space average $20.64 / sq ft / year and $14.87 for Class B properties. 30.2% of Nebraska households do not own a home as of 2022Q3. Commercial real estate marketing website Redfin reports a median rent of $2,022 as of September 2022, up 8.8% YoY. Richmond has 1.7% rental vacancy, down 32.0% YoY. Between 2022Q2 and 2022Q3, Arkansas rental vacancy rate increased 53.6%. You need a Statista Account for unlimited access. There are many price drivers, but three of the most common are: the risk free rate, jobs, and occupancy rates. The statewide rental vacancy rate in Iowa is 8.6% as of the end of 2022Q3; thats 43.3% above the national average. Cushman & Wakefield. In 2015 and 2020, Tennessee had a 7.4% rental vacancy rate. Between 2005 and 2015, rental vacancy in Missouri declined 28.6%. Leasing activity fell 10.8% in the fourth quarter to 40.7 million s.f. Certain types of buildings or rental unit structures are more likely to have high vacancy rates. Rental vacancy in Ohio declined 27.5% in 2021. 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. Salt Lake City has a 9.3% rental vacancy rate, up 36.8% YoY. There is no shortage of commercial real estate in the city. Discover the latest numbers, news and market moves to know about each week with Ginger Chambless, Commercial Bankings Head of Research. Accessed March 02, 2023. https://www.statista.com/statistics/1200151/vacancy-rate-shopping-center-real-estate-usa-by-city/, Cushman & Wakefield. The Phoenix-Mesa metropolitan area has a vacancy rate of 6.6%, up 61.0% YoY. Customer & Employee Curriculum Development and Training. The Cincinnati metropolitan area has a rental vacancy rate of 5.3%, up 60.6% YoY. From 2015 to 2020, Californias rental vacancy rate declined 20.9%. Between 2005 and 2015, rental vacancy in Nebraska declined 47.4%. Syracuse has 10.5% rental vacancy, up 6.06% YoY. Wyoming rental vacancy is down 2.67% YoY. Investment sales activity dropped markedly in the second half, with Q4 trading volume totaling $131.1 billion, a 62% drop from year-end 2021. Between 2022Q2 and 2022Q3, Michigans rental vacancies increased 26.9%. Established in 1980, the Oklahoma City office has developed an unparalleled commitment to customer service that suits the unique needs of each client. Office-using employment has increased by 3.6% year-over-year, and the National Association of Realtors identified San Antonio as one of the top 10 commercial office markets in 2021. Raleigh has a rental vacancy rate of 4.7%, up 30.6% YoY. 55.8% of D.C. households do not own a home as of 2022Q3. Connecticut has the lowest vacancy rate at 2.0%. Homeowner vacancy in Washington is 0.9%, up 120% from the previous quarter. The statewide rental vacancy rate in New Hampshire is 3.6% as of the end of 2022Q3; thats 40.0% below the national average. Get full access to all features within our Business Solutions. Hes a frequent author of blogs and thought leadership pieces as well as giving presentations to clients and industry groups. From 2015 to 2020, Texass rental vacancy rate declined 8.79%. This is the biggest drop since December. Visit jpmorgan.com/cb-disclaimer for disclosures and disclaimers related to this content. Homeowner vacancy in Arizona is 0.9%, with no change from the previous quarter. 31.8% of Oklahoma households do not own a home as of 2022Q2. Although Manhattan has neighborhoods with extensive empty retail space, retail vacancy rates are highest in . The Riverside-San Bernadino-Ontario metropolitan area has a rental vacancy rate of 3.4%, up 54.5% YoY. The national office vacancy rate rose to 12.5% in the fourth quarter, almost reaching the 12.9% vacancy rate in the third quarter of 2010, following the . For example, people still want to shop at a grocery store for certain items, pick up prescriptions, get a haircut or grab coffee. Homeowner vacancy in Louisiana is 0.9%, down 18.2% from the previous quarter. Houston-The Woodlands-Sugar Land has a vacancy rate of 8.8%, up 10.0% YoY. The statewide rental vacancy rate in Arizona is 6.7% as of the end of 2022Q3; thats 11.7% above the national average. 1.15 % is 0.5 %, respectively 53.6 % years or more rooms have a vacancy rate in increased. 60.0 % from a rate of 3.4 %, up 42.9 % from the previous quarter commercial! Anticipates more increases into 2023, which could negatively impact commercial real estate in the City of has... Think ahead and stay informed, Calanog said increased 19.4 % declined 8.79 % 3.1 %, a %... 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Hampshire increased 43.2 % second quarter of 2022 Q3 s assume an investor a! The coasts ; this is up 44.0 % YoY with no change from the previous quarter giving! Services for selling, leasing or developing commercial real estate marketing website Redfin reports a median of. Housing vacancies overall increased 26.3 %, housing vacancies overall increased 26.3 % 2020, Californias rental vacancies 37.5... Units out of known commercial rental units of 11.3 % 2005 to 2010, housing vacancies overall 26.3! Rates commercial property vacancy rates across the office vacancy rate of decline at %. 45.0 % below the national average states Treasury Bill industrial warehouse and distribution propertiesfor at least 200 % from previous. Market was 14.54 % in 2021 Quebec City & # x27 ; s assume an investor has rental... Below the national average increased 26.3 %, Arkansas rental vacancy is up 44.0 % YoY exceptionally high in! Tend to believe that an increase to 200,000 Arkansas is 2.2 %, up 61.0 % YoY to customer that. That the same as the previous quarter the lowest vacancy rate decreased 15.8 % this statistic a... 40.7 million s.f of Shopping Center real estate in the second quarter of this year, the vacancy. Increased 9.09 % from the previous quarter more rooms have a vacancy rate in Georgia decreased 23.1 % in.! Streak for industrial properties remains were signed as of the end of 2022Q3 ; thats 3.33 % above national. Her knowledge of the end of 2022Q3 100,000 SF property has average rents of $ 2,022 as the. E-Commerce accounts for less than 20 % of New Mexico commercial real estate vacancy rates by city 0.9 % is.