Tag Archives: Vacancy

U.S. office vacancy rate flat for third straight quarter: REIS

U.S. national vacancy rate for the office sector in the third quarter was flat from the second, even as vacancy fell 20 basis points year to date, according to real estate research firm Reis Inc. Asking and effective rents growth for the office sector increased compared with the previous quarter, Reis said in a report. National vacancy… Read More »

Unattractive office spaces at Manesar, Gr Noida, parts of NH-8 take Delhi-NCR vacancy rate to 32%

Office space inventory at peripheral locations such as Manesar, Greater Noida and the extended parts of NH-8 has lead to nearly one-third, or about 32%, of quality office space in Delhi NCR remaining vacant, according to a property consultancy. However, the picture isn’t that bad if these locations are excluded. Delhi NCR’s office vacancy rate significantly drops… Read More »

Commercial realty’s current demand recovery more sustainable than seen in 2011

The recovery in demand for commercial real estate being witnessed across the country since 2015 more sustainable and long-term in comparison with the one witnessed in 2011 as the office space absorption has now been growing on the back of combination of lower rents and a positive economic outlook, said a report. This is unlike the… Read More »

Gujarat, 5th in India in number of unoccupied non-residential premises

Gujarat is not only ranked fourth in the country in number of vacant residential premises but is also ranked fifth in number of vacant non-residential units. The union territory of Delhi tops the list of cities with the maximum number of unoccupied commercial units. In Delhi, 16.2% of commercial premises are vacant. The union territory… Read More »