As someone who’s recently transitioned to the U.K after a few years working in NYC, can someone please explain me the concept of void costs? After a day, my understanding is that it’s basically opex that is not attributable to reimbursements due to vacancy, but I’m so lost...
| +43 | What Is Your Backup Plan? | 20 | 18h |
| +39 | Where are free agents signing? | 21 | 1d |
| +36 | AvalonBay Equity Residential Merger discussion | 16 | 22h |
| +34 | Future of Real Estate | 9 | 1d |
| +31 | Laughable Job Posting | 12 | 20h |
| +19 | Extremely Slow Ramp Up | 2 | 23m |
| +14 | In RE, what is the ONE software tool you couldn’t survive without? | 5 | 2d |
| +10 | Dynex | 5 | 1d |
| +9 | Most Correct Way to Grow Rents in MF Development Underwriting | 0 | 54m |
| +9 | Portfolio Management strategy/transaction exposure on the analyst/associate level? | 1 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Or wait, is it what we call Absorption & Turnover Vacancy in the U.S? I’m so confused...
Google says it's just vacancy
Thanks for your response! So that’s what I found on Google as well, but I’ve seen it listed under Opex so got kind of confused. I thought maybe it could be fixed opex costs that you won’t be able to get reimbursed since there is some vacancy, but haven’t been able to verify
Void costs in the UK are usually service charge and business rates, I.e costs a tenant would be paying if they were in occupation of the property.
Labore iusto itaque id architecto adipisci voluptatum quos. Possimus ab voluptatem in esse quia dolores pariatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...