Glossary

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VACANCY 

The number of units or space (of a specific commercial type) that are vacant and available for occupancy at a particular point in time within a given market (usually expressed as a vacancy rate)

 

VACANCY RATE

The percentage of space that is vacant – calculated by dividing vacant space by total square feet. Vacancy is a good measure of how much relative space is available in a submarket.

 

VENDORS/SUPPLIERS

Supply chain management term that means anyone who provides goods or services to a company or individuals.

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