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Real Estate Glossary

Average downtime

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Written by Luis Escobar

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.

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.

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Luis Escobar

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