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Vacance structurelle de 10 à 15%

English translation: structural vacancy rate of 10-15%

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22:14 Apr 28, 2008
French to English translations [PRO]
Real Estate
French term or phrase: Vacance structurelle de 10 à 15%
Hello again.
This is again sales literature for a shopping complex.

This sentence forms part of a series of bullet points that list out the disadvantages linked to this property development:

DISADVANTAGES :

- Desserte par les transports en commun urbains limitée (1 seule ligne de bus desservant la zone).
- Vacance structurelle de 10 à 15% (11% en décembre 2007)
- Prestations intérieures de qualité standard.
- Développement souhaitable d’enseignes spécialisées dans l’équipement des ménages et la restauration.
- Absence d’enseigne « locomotive

Any help you can offer with this term is much appreciated!
Many thanks.
Almass
English translation:structural vacancy rate of 10-15%
Explanation:
That simple.

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Note added at 2 hrs (2008-04-29 00:34:08 GMT)
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"The basic premise of most of these studies is that rent changes in the commercial real estate market are triggered by excess demand or excess supply, as measured by the deviation of the prevailing vacancy rate from a "natural" or "structural" vacancy rate. There are two prevailing definitions of the latter. First, according to some analysts, it is defined in a manner analogous to the natural unemployment rate as the vacant stock required to facilitate the search needs of tenants looking for office space as well as the search needs of landlords looking for tenants (Rosen and Smith, 1983). Second, according to some other analysts, it is defined as the optimal inventory of vacant units that maximizes landlords' anticipated profits and, as such, it depends on their expectations with respect to office space demand and the marginal cost of holding vacant units (Shilling et al., 1987)." (Journal of Real Estate Research, The, 1997)

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Note added at 2 hrs (2008-04-29 00:37:52 GMT)
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Of course, in the text at hand the "structural" vacancy rate of the property is not regarded as optimal, but it may still be considered "natural" in the sense of not being due to short-term factors.
Selected response from:

rkillings
United States
Local time: 23:23
Grading comment
Many thanks for these succint answers. I think I will go with structural vacancy rate in this case.
Thanks again!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +2structural vacancy rate of 10-15%rkillings


  

Answers


25 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
structural vacancy rate of 10-15%


Explanation:
That simple.

--------------------------------------------------
Note added at 2 hrs (2008-04-29 00:34:08 GMT)
--------------------------------------------------

"The basic premise of most of these studies is that rent changes in the commercial real estate market are triggered by excess demand or excess supply, as measured by the deviation of the prevailing vacancy rate from a "natural" or "structural" vacancy rate. There are two prevailing definitions of the latter. First, according to some analysts, it is defined in a manner analogous to the natural unemployment rate as the vacant stock required to facilitate the search needs of tenants looking for office space as well as the search needs of landlords looking for tenants (Rosen and Smith, 1983). Second, according to some other analysts, it is defined as the optimal inventory of vacant units that maximizes landlords' anticipated profits and, as such, it depends on their expectations with respect to office space demand and the marginal cost of holding vacant units (Shilling et al., 1987)." (Journal of Real Estate Research, The, 1997)

--------------------------------------------------
Note added at 2 hrs (2008-04-29 00:37:52 GMT)
--------------------------------------------------

Of course, in the text at hand the "structural" vacancy rate of the property is not regarded as optimal, but it may still be considered "natural" in the sense of not being due to short-term factors.

rkillings
United States
Local time: 23:23
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 57
Grading comment
Many thanks for these succint answers. I think I will go with structural vacancy rate in this case.
Thanks again!

Peer comments on this answer (and responses from the answerer)
agree  xxxBourth: Presumably that proportion of the area intended to have shops that has not been built on yet. As opposed to the vacancy rate of tenants/occupants (not) in existing premises.//Ah, so, "structural" in THAT sense.
1 hr
  -> Nah, it's not to do with what has been built, except in the supply/demand sense.

agree  gad
3 hrs
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