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Vacancy

It refers to the state of a commercial property being unoccupied and available for lease or rent.

Valuation

It is the process of determining the financial worth of a commercial property. This involves assessing various factors such as the property’s location, size, condition, income potential, comparable sales, and market demand.

Value

It is the monetary worth or estimated price of a property. It represents the amount that a willing buyer would pay and a willing seller would accept in an open and competitive market.

Vanilla shell

Also known as a “white box,” refers to a commercial space that has basic finishes and infrastructure but lacks interior customization or tenant-specific improvements.

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GLOSSARY

Vacancy

Valuation

Value

Vanilla shell

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