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QUESTION

What is the average duration for storefront vacancies?

0:18:57

·

23 sec

Deputy Commissioner Calvin Brown states that the Department of Small Business Services (SBS) does not have data on the average duration storefronts remain vacant.

  • SBS has a platform that tracks storefront openings and vacancies.
  • This platform updates every 90 days to show which storefronts have opened or closed.
  • However, no specific data is provided on the typical length of vacancy periods.
Oswald Feliz
0:18:57
And how long does the average storefront vacancy remain vacant?
0:19:00
Are we talking about generally 6 months, a year?
Calvin Brown
0:19:04
We don't have that data, but we can continue to analyze it.
0:19:08
But what we do know is that with the platform that we have to rack, storefront openings and vacancies.
0:19:15
Every 90 days, we can see which storefront is open and which closed.
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