vacancy rate


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Vacancy Rate

The number of units in a building without renters, expressed as a percentage of all units. For example, an apartment building with 100 units and 40 resident families has a 60% vacancy rate. It is the opposite of the occupancy rate.

vacancy rate

the number of available jobs (‘officially’ notified to local JOB CENTRES) which remain unfilled as a percentage of the total LABOUR FORCE.

vacancy rate

the number of available jobs (‘officially’ notified to local JOB CENTRES) that remain unfilled as a percentage of the available LABOUR FORCE. In practice, not all available jobs are notified to the authorities so the actual vacancy rate is greater than the officially recorded one.

The vacancy rate can be looked at alongside the UNEMPLOYMENT RATE in estimating whether or not the economy is at, or approaching, FULL EMPLOYMENT.

vacancy rate

The ratio of vacancies to total available rentals,over a particular period of time.There are three primary methods of calculating the vacancy rate: by number of units, square footage, or dollars of rental income. Beyond that, the calculations can be for a moment in time—a particular month—or for experience over the course of a year.Economic vacancy,which is the dollar value of vacancies rather than the number of units or square footage of floor space, is the most accurate indicator of the vacancy rate.When reviewing pro forma projections or past financial records, one must ascertain which method was used to calculate vacancies, however, because each method will result in a different rate unless all units are the same size and rent for exactly the same amount. See Example at occupancy rates for an explanation of the various calculations.
References in periodicals archive ?
Fanning demonstrates that, when all else is equal, a high growth market will have a higher equilibrium vacancy rate (lower equilibrium occupancy rate).
In the Makati submarket, KMC Savills reported that with Insular Life Makati Building coming online, grade A office vacancy rate hit 3.
While Midtown vacancy rates continued to move lower this quarter, the pace at which they have fallen has slowed," said Delmonte.
As stated, the physical vacancy rate is a simple measure of the share of rentable apartment units that is currently vacant and available for rental.
The office market has seen vacancy rates decline since the second quarter of 2003--about 4 1/2 years--and the industrial market has been consistently improving since the first quarter of 2004, noted Torto.
At the Lancaster and Palmdale stations, the report indicates that vacancy rates were completely equal between those two cities and the unincorporated areas the stations cover.
According to Ikoma Data Service System, a real estate consultancy, office vacancy rates in the center of Tokyo were nearly 9 percent in the fall of 2003.
The marketing survey also showed that the vacancy rate in the city's north end fell to 4.
While Midtown South recorded a significant drop in vacancy rates in all property classes, the Midtown submarket posted the first increase in Class A vacancy rates in more than a year.
In the office market, vacancy rates continued to decline--but at just half the rate of the previous two quarters, falling 10 basis points to 14.
Vacancy rates in social care are "about twice as high of those for the totality of all private and public sector business activity in England".
The rental vacancy rate increased in the Northeast from 6.