Property Management
What is 'gross absorption' in a Delaware commercial real estate market?
AThe total square footage of space leased during a period, without deducting for space vacated✓ Correct
BThe net amount of space leased after accounting for vacated space
CThe total amount of new construction completed during a period
DThe percentage of existing space occupied at a given time
Explanation
Gross absorption is the total amount of space that is leased or occupied during a given period, without subtracting space that has been vacated. Net absorption subtracts vacated space, providing a better indication of net demand.
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