Updated over 6 years ago on . Most recent reply
Vacancy bps? What is this?
Hey all, I am a neophyte and new to BP. In some research recently, I have noticed a measurement of bps as it pertains to Vacancy. What is this? Thanks
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Bps stands for basis points. It is defined as 1/100 of 1%. So if average vacancy rates are 6%, and increase by 50 bps, then the new vacancy rate is 6.5%.
The term is also often used when talking about interest rates on mortgages.