Office Vacancy Rate declined in Q4 to 16.3%

Reis released their Q4 2015 Office Vacancy survey this morning. Reis reported that the office vacancy rate declined to 16.3% in Q4, from 16.5% in Q3. This is down from 16.7% in Q4 2014, and down from the cycle peak of 17.6%. From Reis Senior Economist and Director of Research Ryan Severino: The ongoing decline in the national vacancy rate finally gained momentum this quarter, falling by 20 basis points to 16.3%. This marks the first time since the market began to recover in early 2011 that the quarterly vacancy rate fell by more than 10 basis points. The vacancy rate has now declined ......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1Oxr7MZ
via IFTTT