Property Management
Which of the following is an example of economic vacancy loss?
AA unit that is physically vacant and unleased
BA tenant who is in possession but paying below-market rent✓ Correct
CA unit under renovation for 2 months
DA unit with a lease that was just signed
Explanation
Economic vacancy loss includes units that are physically occupied but generating less than market rent (e.g., below-market leases, concessions). Physical vacancy refers to unoccupied units.
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