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.