Vacancy Rate – RE Contracts metric

Defines opportunities for disposition of real property assets.

Details of the metric Description
Name Vacancy Rate – RE Contracts
Category Portfolio
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 rate ratio low. High vacancy rates can indicate unacceptable space quality, inadequate service delivery, or poor geographical location.
Source BOMA, GSA
Measurement Total Vacant Area / Total Rentable Area
Dependent data that is calculated RE Contracts:
  • Total Vacant Area
  • Total Rentable Area
Roles
  • RE Executive
  • RE Transaction Manager
Display chart types Score-based: Horizontal Stacked Bar Chart (Capture Period: Vertical Grouped Bar Chart)
Thresholds
  • Low Threshold: 10
  • High Threshold: 11.34
  • Range 1: Good/Positive/Green
  • Range 2: On Target/Caution/Yellow
  • Range 3: Poor/Negative/Red
Fact details Module: triMetricFact

Business Object: triREContractFact

Metric Queries: triREContractFact – Metric – Vacancy Rate (Score)
Drill paths
  • Geography
  • Organization
  • Contract Type
  • Primary Use
  • Capture Period
Interactive filters
  • Geography
  • Organization
  • Primary Use
  • Contract Type
For US Federal Government:
  • Geography
  • Organization
  • Real Property Type
  • Real Property Use
  • Mission Dependency
  • 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)