Average Downtime

Business, Legal & Accounting Glossary

Definition: Average Downtime


Average Downtime


Full Definition of Average Downtime


The number of months anticipated between a lease’s expiration and the beginning of a replacement lease under current market conditions. If a property is expected to take three months to lease after the previous tenant vacates, the average downtime is three months.


Cite Term


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https://payrollheaven.com/define/average-downtime/
Modern Language Association (MLA):
Average Downtime. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 03, 2021 https://payrollheaven.com/define/average-downtime/.
Chicago Manual of Style (CMS):
Average Downtime. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/average-downtime/ (accessed: December 03, 2021).
American Psychological Association (APA):
Average Downtime. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/average-downtime/

Definition Sources


Definitions for Average Downtime are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.