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.
