vacancy rate: Three Cents Worth: The Ripple Effect When Rents Dip and Rise - 09/24/14 11:44 PM

This week's chart plots the vacancy rate and landlord concessionsagainst the change in rental prices. To be clear, Manhattan's vacancy rate has remained nominal for decades, hovering around 2 percent, but we get excited when market reports hype up the rise and fall by a few tenths of a percent. The vacancy moves are more subtle than the hype suggests, but they shouldn't be completely ignored.
Understanding the rental market is a little easier if the sales market is seen as a competitor (hint: people either rent or buy, so they affect each other). Last fall's Manhattan rental market saw weaker … (1 comments)

vacancy rate: Commercial vacancy rate rises to 10.2% - 12/30/08 04:34 AM
The commercial vacancy rate in Manhattan jumped to 10.2 percent in the fourth quarter this year, up from 7.12 percent in fourth-quarter 2007, according to Jones Lang LaSalle. It is the first time since the first quarter of 2004 that the vacancy rate has reached 10 percent, said James Delmonte, Jones Lang LaSalle's research director. Manhattan's inventory is at 424 million square feet, and starting next month, 11 Times Square's 1.1 million square feet will be added to the market. Much of the fourth quarter's increased vacancy comes from sublease space, which now accounts for more than one-third of the Class … (0 comments)

Jeffrey Ditri, New York City Residential Rental Specialist  (JAD Realty Group, LLC.) Rainmaker large

Jeffrey Ditri

New York City Residential Rental Specialist

Manhattan, NY

More about me…

JAD Realty Group, LLC.

Address: 1386 Lexington Avenue , ny, ny, 10128

Office: (610) 781-8417

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