Kapfidze continued, "On the flip side, high vacancy rates
and high homes prices often suggest that an area has some unique characteristics, such as being a vacation hot spot or targeted by investors, which could mean the real estate is overpriced.
"Office Vacancy Rates
: How Should We Interpret Them?" Business Review.
Class A vacancy rates
dropped to 11.2 percent this quarter, a decrease of 5 percent from the Class A vacancy rate
of 11.7 percent the previous quarter.
Miami's position in the ranking fell one point to 19, while its vacancy rate
was expected to rise 1.2 points to 6.6 percent; and Fort Lauderdale's ranking fell 10 points to 25 with a vacancy rate
rising 1.1 points to 7.9 percent.
CBDs tracked by Cushman & Wakefield experienced vacancy rate
increases, while 11 markets experienced vacancy rate
Kathy Deck, director of CBER, said the positive absorption rates and improved vacancy rates
for some submarkets indicate the commercial market is following the path of the area's residential market and taking steps to correct itself.
The collapse of the for-sale segment of the housing market is reflected in the further easing of both the physical and economic vacancy rates
in 2007, although the gap between the two rates remains swollen.
Urawa in the Tokyo suburbs now has a vacancy rate
of 18.8 percent and Osaka has a vacancy rate
of 10.4 percent.
For the second straight year, the vacancy rate
among apartments with at least three units in the Thunder Bay CMA fell marginally to 5.8 per cent in October from 7.5 per cent a year before.
Midtown South recorded decreases in vacancy rates
in all property classes for the fifth straight quarter and the submarket's overall vacancy rate
dropped to 8.% in the first quarter of 2011.
At 10.1 percent, the first-quarter vacancy rate
for all rental units remained the same from the first quarter of 2008, but it was higher than the fourth-quarter 2007 vacancy rate
of 9.6 percent.
in social care are "about twice as high of those for the totality of all private and public sector business activity in England".