#vacancy-rate

#vacancy-rate

Rent prices in Canada increased significantly in 2023 due to high demand and low supply, resulting in the lowest national vacancy rate on record.

The average rent for a two-bedroom purpose-built apartment grew by 8% to $1,359, surpassing the average rent increase recorded in previous years. [ more ]

Miami-Dade County's warehouse vacancy rate is at an all-time low of 1.6%, driven by population growth and tourism.

Companies are looking for warehouse space near population centers to quickly deliver products, and the hospitality industry's need for storage is increasing. [ more ]

Office buildings in Southern California have a 20.4% vacancy rate, equivalent to 81 million square feet of empty space.

Los Angeles County has the largest number of empty offices, with 51 million square feet vacant. [ more ]

Maersk has signed a deal for a 1.2 million-square-foot distribution warehouse in Hesperia, California.

The Inland Empire's industrial market vacancy rose to 6.5 percent in the fourth quarter of 2021. [ more ]

Prologis has purchased a 251,000-square-foot office and warehouse in Commerce for $50 million.

Prologis is the second-most active buyer of industrial properties in the Los Angeles region in the last five years. [ more ]