1 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Vacancy Rate
A measurement expressed as a percentage of the total amount of vacant space divided by the total amount of inventory. This measurement is typically applied to a building, a submarket or a market.
Vacant Space
Inventory that is not currently occupied. If subtenant space is excluded from the calculation, the term “direct vacant space” is recommended.
Value Add Investment
An investment in a real estate asset with existing cash flow (and value) that can be increased by raising occupancy, rents or both. Owners typically carry out one or more of the following to add value to a building: improve or replace building systems, provide new finishes, introduce new amenities, improve access or circulation to the building, add square footage, etc.