Vacancy Rate History
The vacancy rate is the amount of new, relet. Sublet space vacant of the existing rentable building area.
- New: Space that has never been occupied or built out
- Relet: Space that was previously built out or occupied, but the lease has expired and the building owner is releasing it.
- Sublet: Space that is currently leased by the lessee wishes to sublease.
- Rentable Building Area: Usable area and its associated share of the common areas.