Headlines about commercial property often focus on a single vacancy figure. To understand a market properly, it helps to look at a few related measures together.
Vacancy vs availability
Vacancy counts empty space; availability includes space that is occupied but offered for lease soon.
Net absorption
The change in occupied space over a period shows whether demand is growing or shrinking.
Sublease space
Tenants offering space they no longer need can signal weaker demand before vacancy rises.
Key takeaways
- Vacancy vs availability
- Net absorption
- Sublease space
