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Updated over 4 years ago,
Vacancy in Prospect Park? How to find vacancy rates
Hey everyone!
Any local investors in Prospect Park that can share average vacancy rates in the area?
Also, generally, how do you all determine vacancy rates for your deal underwriting in a new area that you have no direct experience in?
I used NeighborhoodScout and got 9%. I am curious how accurate the site's data is though. I've noticed the average rents are often way off, so that has made me question the reliability of their other data.
Thanks everyone!
Mason