COMMERCIAL VACANCY HEALTH, BY WARD XVI

Using the total square footage and the vacancy rate for each of the Wards, we can look at the “health” of each Ward compared to how the community as a whole is going. If each Ward performed equally, then we would expect their percentage of commercial space to match up with their percentage of commercial vacancy. As an example, we would expect Ward 7, with 21.32% of the total commercial square footage in Berwyn, to have 21.32% of the overall vacancy. This would give Ward 7 a 0% “Health” metric. But Ward 7 only contains 11.80% of the overall vacancy in Berwyn, which leads us to conclude that it is much healthier than the norm. This is demonstrated by its positive 80.65% metric, indicating that the corridor is doing more than half again as well as we would expect.

In the below table, positive values in black represent Wards that are performing better than the norm. Negative values in red represent Wards that are performing worse than the norm