Right now, within the Calculated Threat Actual Property Publication: Moody’s: House Emptiness Charge Unchanged in Q3; Workplace Emptiness Charge at File Excessive
A short excerpt:
From Moody’s Analytics Economists: Multifamily Efficiency Steadied, Workplace Stress Continued to Manifest, Retail Emptiness Declined, And Industrial Cooled Down
Nationwide multifamily emptiness stayed flat at 5.8%, the very best stage on report since 2011. Provide aspect stress was the principle driver for the creep-up of emptiness since late 2022.
Moody’s Analytics (Reis) reported that the condominium emptiness charge was at 5.8% in Q3 2024, unchanged from an upwardly revised 5.8% in Q2, and up from the pandemic peak of 5.6% in Q1 2021. That is the very best emptiness charge since 2011. Word that asking rents are down barely year-over-year.
This graph exhibits the condominium emptiness charge beginning in 1980. (Annual charge earlier than 1999, quarterly beginning in 1999). Word: Moody’s Analytics is only for giant cities.
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