A measure of the level of vacant space, which is calculated based on net leasable floor space.
Global Definitions Database
Vacancy (Based on leasable floor space)
Source: INREV | Date: 23 March 2020 | ID: D0323 | Version: 5
Related
Vacancy (Based on estimated rental value)
Estimated rental income of vacant space / (contractual rental income of occupied space + estimated rental income of vacant space).
Void rate
A measure of the level of vacant space, which is calculated based on floor space or estimated rental value.