Indicated in months, average downtime is the period anticipated between the expiration of the lease and the start of a replacement lease according to the current market. An example of this is that if a space may take three months to lease once a tenant vacates, the normal downtime is three months.
Average downtime
Indicated in months, average downtime is the period anticipated between the expiration of the lease and the start of a replacement lease according to the current market. An example of this is that if a space may take three months to lease once a tenant vacates, the normal downtime is three months.
