Author: David Marino
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Truth Behind The Numbers: Vacancy Rates In Commercial Real Estate
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In 1954, Darrell Huff’s How to Lie with Statistics quickly became a standard textbook for any introductory statistics class, addressing thorny concepts such as random sampling, correlation versus causation and visual misrepresentation through scale manipulation or truncation. The book makes the case that we are all susceptible to being misled if we are not careful…
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When searching for commercial real estate space, CEOs have been taught that vacancy rate indicates how soft the market is. “But vacancy rates are not what they appear to be,” says David Marino, principal and executive vice president of The Irving Hughes Group. “We need to stop talking about vacancy rates and start talking about availability rates. Availability rates will…