Hacker News Reader

"The office market measured negative 1.8 million square feet in net absorption, with the vacancy rate increasing 200 basis points year-over-year to 12.5% while average asking rents recorded $5.37 per square foot Full Service."

Looks like something around the definition of availability versus vacancy rate?

If I'm trying to sublease my officespace, is it vacant if i'm still paying my lease?

View on HN

But I still don't know where 20% comes from.......

They got that from the availability rate, not the vacancy rate. You can see the percentages they list in the article for each town correspond roughly to the "R&D Availability Rates Select Silicon Valley Cities" figure on Page 5

But the overall rate across all cities is not 20% but much lower. So the title is inaccurate even if it’s true in select cities.

The availability rate sounds like it should be some fraction of the vacancy rate, not the other way around.

Reply on news.ycombinator.com