A newest report showed that financial crisis and other factor influences, the US the apartment vacancy rate was created 30 years new high in the fourth quarter of last year, the annual apartment average rent creates the year biggest range of fall.
American Reis real estate market survey firm demonstrated to the report of national 79 apartment leasing market that in the fourth quarter of last year the apartment vacancy rate link compared to rising 0.1%, to 8%, surpassed the annual average level 1.3%, created this company past 30 years with the item investigation highest record.
The report also showed that in 2009 the entire US apartment rent quoted price falls 2.3%, in 1980 has started this investigation since for this company the greatest decline range.
Apartment leasing market dreariest city including San Jose, Seattle and San Francisco. Even if in the entire US biggest apartment leasing market New York, had nearly 60% blocks of flats from the third quarter of last year the decline rent, to detain the boarder.
New York in the fourth quarter apartment vacancy rate is 2.9%, the link ratio drops 0.1%. However, New York whole year rental receipts drop 5.6% only, has carried on this investigation for Reis Corporation since 1990 in the locality the greatest decline range. This even over in 2002 3.8% decline ranges, in the past the rent fell mainly gets up the preceding year “911” terror attack influence.
Grubb and Ellis tendering agency chief economic analyst RobertBetsch said: “Financial crisis causes heavy losses to New York, this is (rent) drop so many reasons.”
The US had 28,000 new housings to enter the leasing market in the fourth quarter of last year. The Reis product investigates responsible VictorKara said: “Newly-built real estate intensifies the challenge which the existing real estate faces, attracts the new boarder and detains the difficulty of old boarder to enlarge.”Rents the company to be compelled to decline the rent, but also provides the preferential benefit for the existing tenant.
“We never observe the house to rent (market) so drearily,” he said that “actual rent range of fall is huge, the landlord high sustains a loss because of the vacancy rate, but also wants (to spend) detains the existing boarder.”
However, Kara said that if the unemployed regains the confidence to the employment market and chooses to rent a room, then the apartment letting rate still possibly rose again this year. “Optimistic words, (apartment leasing market) this year intermediate stage can recover. Otherwise, this year will still be dreary one year.”
(Chief-editor: Rwandan warning)
