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Cost of an Empty Building
June 17, 2020 @ 2:00 pm - 3:00 pm$30
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
AIA Members are invited to join at the member rate, courtesy of The Pennsylvania Downtown Center
- Explain the connection between rents and retail sales volume
- Identify forgone annual business revenues from a vacant building using Rent to Value ratios
- Investigate the sources of data for business expense ratios
- Predict the effect that forgone revenues have on other economic entities in the local area
This webinar has been approved for 1 AIA LU