Sterling Office and Industrial Trust measures both Physical and Economic Occupancy. Physical Occupancy tracks the level of vacancy, whereas Economic Occupancy calculates vacancy, rental incentives and delinquencies.
Economic Occupancy provides a comprehensive assessment of the assets performance when compared to Physical Occupancy.
Our properties are geographically diverse with locations in 11 states. We analyze our portfolio by state to determine where vacancy may exist. As of September 30, 2018, Sterling Office and Industrial Trust has built a portfolio of properties totaling more than $120 Million based on purchase price.