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Vacancy factor: The amount of gross revenue that pro forma income
statements anticipate will be lost because of vacancies, often expressed as
a percentage of the total rentable square footage available in a building or
project. You might see 3% or 10% or more. Could be due to competition,
expiring leases, economic outlook etc.
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Vacancy rate: The total amount of available space compared to the
total inventory of space and expressed as a percentage
Vacant space: Existing tenant space currently being marketed for
lease excluding space available for sublease. Subleases may be marketed by
leasee for competitive purposes.
Value-added: A phrase generally used by advisers and managers to
describe investments in underperforming and/or undermanaged assets. The
objective is to generate 13 percent to 18 percent returns. |
Variable-rate: A loan interest rate that varies over the term of the
loan, usually tied to a predetermined index. Also called adjustable-rate.
Variance: Permission that allows a property owner to depart from the
literal requirements of a zoning ordinance that, because of special
circumstances, cause a unique hardship. Applicant must prove a need or
fault.
Virtual storefront: An online business presence for sales. Some
storefronts may only be an Ebay business or other Internet only sales
center. Others may include a "brick and mortar" business as well.
Excellent method for testing products or business models.
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Use the
Search Box for Commercial Real Estate Terms
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|
|
Click a
letter to find Commercial Real Estate Terms
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|
A |
B | C | D |
E | F |
G | H | I | J |
K | L | M |
N | O | P | Q |
R | S | T |
U | V | W | X |
Y | Z
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