The German economist associated with the Choose ] oldest location and land use model that was real estate trends based on agricultural production and the central place theory distance from a market: oversupply von Thnen The German economist who wrote "Theory of Weber the Location of Industries" in 1929 and had a absorption location index to indicate location near either recovery raw materials or a market: vacancy rate recession expansion The theory used to explain basic market forces in that has provided terminology such as threshold population and higher vs. lower order goods and services: I Choose The square footage of vacant space expressed as a percentage of total space: The amount of space which becomes occupied Ich during a specific time period: [Choose] The phase of the market cycle where sales activity is very slow, while prices and rents continue to decline, and the vacancy rate continues to increase: , [Choose] The phase of the market cycle where prices begin to recover, and excess space begins to be absorbed as the vacancy rate begins to decrease: [Choose) The phase of the market cycle where rents and prices rise, even as construction activity begins to increase, and the vacancy rate continues to decrease: The phase of the market cycle where the market becomes overbuilt as prices and sales [Choose