The nominal vacancy rate is the marginal vacancy rate which prevails in a market over and above the structural (equilibrium) vacancy rate. The following dynamics should occur in theory: if…

A conceptual development is a new real estate property development that has been discussed or even announced but the building plans have not been approved and/or a building permit has…

The normal or structural vacancy rate is the rate at which the market is in equilibrium. This may seem counterintuitive because any amount of vacant stock could be interpreted as excess…

When a real estate development project is on hold it has been paused, oftentimes because of a legal or financial reason. Legal reasons could include objections from neighbours, the municipality…

The vacancy rate is an economic indicator which measures the percentage of rentable area (RA) of total stock that is currently vacant, within a specific real estate asset class, within a defined…

A real estate development project is completed (reached completion) when it has a certificate of occupancy or passed final inspection under the building permit.  This is another term that is…

A real estate development project is under construction when it has broken ground. For clarity, “broken ground” means that excavation work has begun (the site being cleared of plants and…

In real estate, total stock is the total rentable area (RA), in square metres, of a specific real estate asset class, within a defined geographic region, at a point in…

For practical purposes, gross absorption is defined as the total lease space signed during a particular period. Gross absorption looks only at new leases signed, and will always be a…