Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Dark Space

Any space or suite which is physically vacant or “dark”, but for which the tenant is still contractually obligated to pay rent; typically results from a tenant ceasing operations at an unprofitable location, in hopes of saving cash on employee wages and other operating expenses.

Source: NCREIF | Date: 05 September 2025 | ID: D1034 | Version: 1