3 ms·
if you're worried about rent surveys, wouldn't vacant units ($0 / sq foot) be the worst possible scenario?
by mrgoldenbrown 3y ago
if you're worried about rent surveys, wouldn't vacant units ($0 / sq foot) be the worst possible scenario?
- eszed 3y agoFor that explanation to work, the vacant spaces must somehow be excluded from the "prevailing rate" calculation. Perhaps by calculating their rent according to their asking price - which would, interestingly, give (large-scale, at least) landlords even more incentive to hold a few properties vacant - or perhaps by entirely removing them from the equation. I don't know if GP's description is correct, but if it is then I agree with you (I assume) that $0-income spaces ought to be in some way included in the average.