vacancy rate

[Junior Salters]

What is a conservative vacancy rate? Or does this depend more on market? I was just wanting to put together a spreadsheet

[Sam W.]

Junior Salters

As you said, it does depend on the market and type of property, but a good start point is about 8.3% (1 month/yr). Certainly some properties have the same tenant for years without turnover, but others will have new tenants every year with several months of vacancy in between - So 1 month/yr is, in my opinion, a good conservative startpoint to +/- from based on market, etc.

Sam