What is vacancy rate?

Vacancy rate represents the percentage of available commercial space that is currently unoccupied. Investors, property owners, and lenders often consider vacancy rates when evaluating the strength of a property or local market.

A higher vacancy rate may suggest weaker demand, while a lower vacancy rate can indicate stronger occupancy. However, vacancy is only one factor among many when evaluating commercial real estate.

If you’re considering an investment property, I’d be happy to discuss how vacancy rates may influence your evaluation.