Agree that it looks enormous based on a simple year on year comparison, but the trick with commercial RE is always to pay very close attention to the WALE charts every REIT usually (or should) includes in their investor packs - that tells you how much space is rolling in a given year. If you have big expiries coming up in weak markets, that's when things get ugly quickly and you can have these big spikes in vacancy. That appears to be in train with UOS now.
UOS Price at posting:
63.5¢ Sentiment: None Disclosure: Not Held
