QUESTION
How is the Department of Small Business Services tracking and analyzing storefront vacancy data?
0:24:32
·
39 sec
The Department of Small Business Services (SBS) can identify long-term vs. short-term vacancies by tracking storefronts over 90-day periods using vendor data.
- SBS receives data from a vendor every 90 days on which storefronts were open and closed
- By analyzing this data over time, SBS can determine if specific storefronts continuously appear as vacant
- This allows SBS to differentiate between properties with long-term vs. short-term vacancies
Oswald Feliz
0:24:32
And you mentioned that based on the systems that we currently have, there's no way of terminating whether it's a long term vacancy or a short term vacancy based on what the information that we have currently.
Calvin Brown
0:24:42
I mean, we since we started collecting this data using this vendor and and and know that is collected every 90 days, we can we could start to track to see if a properly was vacant more than the 90 days or if it continues to end up on that list because like I said, every 90 days they show us which storefronts had an open end and which was closed so we can, you know, start to analyze that data to see if there are any storefronts that are just continuously on that list.
Oswald Feliz
0:25:11
Okay.
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