At present, within the Calculated Threat Actual Property Publication: Moody’s: House Emptiness Fee Elevated in This fall; Workplace Emptiness Fee at Document Excessive
A quick excerpt:
From Moody’s Analytics Economists: Multifamily Continued to Defy the Provide Shock, Workplace’s Emptiness Fee Broke One other Document, Retail Rents Drift Increased with Tight Provide, And Industrial Maintains Standing Quo
Amid record-level stock development, common emptiness fee edged up 10 bps in every of the final two quarters and completed 2024 at 6.1%, 40 bps greater than the identical time final yr and the very best degree on file since 2011.
Moody’s Analytics (previously Reis) reported that the condominium emptiness fee was at 6.1% in This fall 2024, up from an upwardly revised 6.0% in Q3, and up from the pandemic peak of 5.6% in Q1 2021. That is the very best emptiness fee since 2011. Notice that asking rents are flat year-over-year.
This graph exhibits the condominium emptiness fee beginning in 1980. (Annual fee earlier than 1999, quarterly beginning in 1999). Notice: Moody’s Analytics is only for giant cities.
There may be rather more within the article.
