Multi-Family Housing Update
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Commercial and multi-family vacancy rates in the area are at their lowest levels since before the recession, with industrial at 6.8%, office at 10.9% and retail at 7.9%, leading to increasing lease rates. Multi-family vacancy rates are 3% in Ada County and 4% in Canyon County, with rents at the highest levels ever recorded. The document also provides tips for evicting tenants, noting it costs between $400-$1,200 to evict and emphasizes the importance of negotiation skills.
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Multi-Family Housing Update
- 1. COMMERCIAL UPDATE By: Natalie Lemas Hernandez KW Commercial
- 2. Commercial Vacancy Rates •Pre-recessionary levels •5 million new square feet of office, industrial and retail since 2010 •Industrial 6.8% •Office 10.9% •Retail 7.9% •Translates to increasing lease rates!
- 3. Multi-Family Vacancy Rates •ADA: 3% •CANYON: 4% •Rents are at highest levels EVER!
- 6. EVICTION TIPS! •MONEY $ MONEY $ MONEY •Cost between $400 - $1,200 •Be a master negotiator!
- 7. EVICTION TIPS! •MONEY $ MONEY $ MONEY •Cost between $400 - $1,200 •Be a master negotiator!