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occupancy rate

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Occupancy Rate
The number of units in a building with renters, expressed as a percentage of all units. For example, an apartment building with 100 units and 40 resident families has a 40% occupancy rate. It is the opposite of the vacancy rate.

occupancy rate

The ratio of rented property to the total available for rent.It is the flip side of the vacancy rate. Occupancy rates may be calculated by number of units, number of square feet, or by dollar value of rentals, also called the economic occupancy rate.



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Hotel room occupancy rates in large and medium-size hotels in Beirut reached 83 percent this week, the paper said.
THE NATIONAL OCCUPANCY RATE has been boosted by owners' willingness to lower their screening criteria and cut rents, said MPF's Greg Willett, speaking June 25 at NAA's 2009 Education Conference & Exposition.
Office vacancy rates in Lower Manhattan have gone up, commercial rental prices and hotel occupancy rates have fallen, and subway ridership is down, according to the Downtown Alliance's first-quarter report.
 
 
 
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