Property ManagementIntermediateDelaware Exam
What is 'net absorption' in commercial real estate market analysis for Delaware?
AThe total amount of space leased minus space vacated in a specific periodCorrect
BThe total new commercial construction completed during the year
CThe average time a commercial space sits vacant
DThe percentage of total space occupied versus total space available
Why The total amount of space leased minus space vacated in a specific period Is Correct
Answer A: The total amount of space leased minus space vacated in a specific period
Net absorption is the change in occupancy — the amount of space leased minus the amount vacated — over a specific period. Positive net absorption indicates the market is absorbing space faster than it is becoming available.
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
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