Right this moment, within the Calculated Danger Actual Property E-newsletter: Moody’s: Condo Emptiness Charge Elevated in This autumn; Workplace Emptiness Charge at Document Excessive
A short excerpt:
From Moody’s Analytics Economists: Multifamily Continued to Defy the Provide Shock, Workplace’s Emptiness Charge Broke One other Document, Retail Rents Drift Greater 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 very best degree on report since 2011.
Moody’s Analytics (previously Reis) reported that the condominium emptiness charge was at 6.1% in This autumn 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 very best emptiness charge since 2011. Notice that asking rents are flat year-over-year.
This graph exhibits the condominium emptiness charge beginning in 1980. (Annual charge earlier than 1999, quarterly beginning in 1999). Notice: Moody’s Analytics is only for massive cities.
There may be far more within the article.
