QUESTION
What is the summary of vacancy rate changes over different time periods, including pre-pandemic, during the pandemic, and current rates?
0:21:09
·
39 sec
Tian Weinberg, Chief of Staff at the Department of Small Business Services (SBS), states that their new vendor has observed declining vacancy rates in recent quarters. However, the data from the new vendor does not align with the former data collection methods used by the Department of Finance, making long-term trend comparisons difficult.
- The SBS is currently gathering vacancy rate data every 90 days with their new vendor.
- Weinberg offers to provide a deeper analysis into long-term vacancy rate trends if requested by the council member.
- She does not provide specific vacancy rate figures for the pre-pandemic, pandemic, and current periods due to the data discrepancies between vendors.
Oswald Feliz
0:21:09
Can you give us a general summary of how vacancy rates can for the last few years, pre pandemic vacancy rates, pandemic vacancy rates, and today is now vacancy rates.
Tian Weinberg
0:21:21
Though council member, what we are seeing with our new vendor is a declining vacancy rate over the last few quarters.
0:21:29
However, because it is a new vendor, the data doesn't exactly match to how that data was being collected by the Department of Finance in previous years.
0:21:38
So we can go into more depths on, you know, provide an additional analysis if you're interested in the long term trends.
0:21:45
But currently, we're working with, you know, every 90 days.
