TRANSACTION TYPES

• New lease agreement: a lease agreement concluded for an available area with a tenant who has not previously been related to the property.
• Pre-lease agreement: a contract concluded for a building that has not yet been handed over and is currently under construction.
• Expansion: the tenant signs a contract for additional available areas in addition to the currently leased space, thus expanding the total size of its occupied area.
• Lease renewal: extension of the currently valid lease contract, so it does not make any changes in the leased stock.
• Owner occupation: the unit/building is occupied by the owner of the property, thereby withdrawing the given area from the speculative lease market.

ADDITIONAL REAL ESTATE INDICATORS AND TERMS

• Speculative stock: the stock of properties that have been developed for lease purposes.
• Owner-occupied stock: the stock of properties that the owner of a company develops for his own use.
• Gross take-up/gross demand: the combined volume of the five existing transaction types (new leases, lease renewals, pre-leases, expansions, owner occupation).
• Gross speculative take-up/gross speculative demand: the combined volume of the four classic lease transaction types (new leases, lease renewals, pre-leases, expansions). Owner occupation is not counted.
• Net take-up/net demand: the combined volume of the three transaction types that measure changes in the current speculative stock (new leases, pre-leases, expansions).
• New delivery: the total volume of buildings handed over in the given period.
• Vacancy rate: the proportion of move outs and available (unleased) areas in newly delivered buildings compared to the total stock.
• Net absorption: it measures changes in the leased stock during a given period (the amount of concluded transactions and move outs in relation to the total stock).