As we speak, within the Calculated Threat Actual Property Publication: Moody’s: House Emptiness Price Elevated in This fall; Workplace Emptiness Price at Report Excessive
A quick excerpt:
From Moody’s Analytics Economists: Multifamily Continued to Defy the Provide Shock, Workplace’s Emptiness Price Broke One other Report, Retail Rents Drift Larger with Tight Provide, And Industrial Maintains Standing Quo
Amid record-level stock development, common emptiness charge edged up 10 bps in every of the final two quarters and completed 2024 at 6.1%, 40 bps increased than the identical time final 12 months and the best stage on document since 2011.
Moody’s Analytics (previously Reis) reported that the condo emptiness charge was at 6.1% in This fall 2024, up from an upwardly revised 6.0% in Q3, and up from the pandemic peak of 5.6% in Q1 2021. That is the best emptiness charge since 2011. Word that asking rents are flat year-over-year.
This graph exhibits the condo 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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