Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The market currently has $250 million sf of space. Last year the market experienced a 10% vacancy rate. This year the vacancy rate is 11.5%.

The market currently has $250 million sf of space. Last year the market experienced a 10% vacancy rate. This year the vacancy rate is 11.5%. Last year there was $3 million sf of space removed from the market but 8,375,000 sf of new construction. Given this information, how much absorption was there last year.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Financial Crisis Manual Reflections And The Road Ahead

Authors: Dimitrios D. Thomakos , Platon Monokroussos, Konstantinos I. Nikolopoulos

1st Edition

ISBN: 1137448296, 113744830X, 9781137448293, 9781137448309

More Books

Students also viewed these Finance questions

Question

What is the days' sales in accounts receivable ratio?

Answered: 1 week ago