Reis: Office, Mall and Apartment Vacancy Rates Increased in Q3

From Reis economist Barbara Byrne Denham: The Apartment Vacancy Rate rose to 5.0% in the third quarter, the highest rate since the first quarter of 2012. The Office Vacancy Rate rose 0.3% to 17.4%, the highest since Q3 2011 as occupancy declined by 5.85 million square feet; the Average Office Asking Rent increased 0.2%, but the Effective Rent declined 0.2% in the quarter. The Retail Vacancy Rate increased 0.2% in the quarter to 10.4%, the highest since Q4 2013 as occupancy declined 2.63 million square feet; the Average Asking Rent declined 0.1% while the Average Effective Rent fell 0.4%. The......(read more)

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