Vacancy cost – RE contracts metric
Defines opportunities for disposition of real property assets.
- Name
- Vacancy Cost – RE Contracts
- Category
- Financial
- Analysis objective for exception conditions
- Determines which buildings are outside of planned values to indicate whether building disposition is desirable. Uses time trend to compare over time to identify anomalies, or trends.
- Description
- Organizations strive to keep the vacancy cost low. High vacancy cost can indicate unacceptable space quality, inadequate service delivery, or poor geographical location.
- Source
- BOMA, GSA
- Measurement
- Cost per Area / Total Vacant Area
- Dependent data that is calculated
- Cost per Area = Total Real Estate Cost: Real estate costs populated from Payment Line Items (filtered by time) / RE Contract: Total Rentable Area
- RE Contracts:
- Total Rentable Area
- Total Vacant
- Roles
- RE Executive
- Display chart types
- Value-based: Horizontal Grouped Bar Chart (Capture Period: Vertical Grouped Bar Chart)
- Thresholds
- Low Threshold: Not Used
- High Threshold: Not Used
- Range 1: Not Used
- Range 2: Not Used
- Range 3: Not Used
- Fact details
- Module: triMetricFactBusiness Object: triREContractFact
Metric Queries: triREContractFact - Metric - Vacancy Cost
- Drill paths
- Geography
- Organization
- Contract Type
- Capture Period
- Interactive filters
- Geography
- Organization
- Contract Name
- Contract Type
- Static filters
- Active RE Contracts (Commencement Date <= TODAY AND Expiration Date >= TODAY AND Status NOT IN (’Retired’, ’Terminated’))
- Time
- Months
- Data point refresh rate
- Monthly
- License dependency
- Real Estate
- Facilities
- Functional dependency
- Space Use Agreements (Real Estate)
- Space Allocations (Facilities)