Vacancy and Re-Letting: Downtime, Incentives and Net Effective Rent
This lesson is part of the course
In this lesson
You model the first year after a unit falls empty: downtime, rent-free months and lost rent, then the net effective rent of each new deal after rent-free and the landlord's fit-out contribution.
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Lessons in this course
- The Rent Roll: Units, Areas, Anchors and Occupancy Locked
- Turnover Rent: Natural and Fixed Breakpoints Locked
- Tenant Sales Health: Sales per m², Trends and the Weakest Units Locked
- Occupancy Cost Ratios: Can the Tenants Afford Their Space? Locked
- Service Charge Recoveries: Pro-Rata Shares, Caps and Anchor Exclusions Locked
- Vacancy and Re-Letting: Downtime, Incentives and Net Effective Rent Locked
- Centre NOI: Income, Non-Recoverable Costs and Value at a Yield Locked
- Remerchandising: Replacing Weak Units and the Value Impact Locked