Cost of an Empty Building

Hosted by The Pennsylvania Downtown Center and PlaceEconomics

Participants will discover the tools of estimating the foregone revenues resulting from the absence of a viable business. Through utilizing this process, he/she will be able to quantify the negative economic consequences to various segments of the local economy as a result of a commercial building standing vacant for one year.

WHEN: June 17th at 2 pm
Cost: $30
AIA Members are invited to join at the member rate, courtesy of The Pennsylvania Downtown Center

Learning Objectives

1. Explain the connection between rents and retail sales volume
2. Identify forgone annual business revenues from a vacant building using Rent to Value ratios
   
3. Investigate the sources of data for business expense ratios
4. Predict the effect that forgone revenues have on other economic entities in the local area

This webinar has been approved for 1 AIA LU

REGISTER HERE for the Webinar