Global Definitions Database

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

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Equilibrium Vacancy

Vacancy unrelated to disequilibria in supply and demand, producing no upward or downward pressure on rents; a typical vacancy rate in a given market operating in equilibrium; also known as “frictional vacancy”.

Source: NCREIF | Date: 05 September 2025 | ID: D1105 | Version: 1