Vacant Area : The areas, which are not under any rental contract liability and which are not used by the property owner.

Vacancy Rate : The rate of total usage area to the total rentable area. It is calculated by dividing the total available m size to total rentable m size. The area that is under construction is usually not included to vacancy calculations.

VAT : Value Added Tax.

VAV (Variable Air Volume) : This system has Variable Air Volume and only works with air. VAV system, which provides heating and cooling in each season, also provides lower fan horsepower requirement and quiet work conditions.

VRV (Variable Refrigerant Volume) : Variable Refrigerant Volume Air Conditioning System. With this system, the air conditioning management of larger or smaller zones.

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