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.

References in periodicals archive ?
The euro is dropping and the dollar is strengthening, so on those two bases alone, Dubai has become significantly more expensive so hotels have had adjust by dropping their rates to maintain occupancy levels," he told Gulf News.
Dubai hotels showed a growth in occupancy levels in September as the market witnessed a return to business after the summer period.
However, we have seen a very real increase in occupancy levels.
Mr Briand said that the recent increase in causeway traffic and Seef Mall's Seef Summer Surprises campaign have helped to further increase in occupancy levels in May.
Over the whole year, Manchester's occupancy levels increased from 72.
However while acknowledging that 2009 will be a challenging year,it reveals that occupancy levels will pick up to 2008 levels by the end of 2010 and then accelerate with real growth by 2013.
Metro, and New Jersey Tri-State properties, Normandy completed approximately one million square feet of lease transactions with aggregate leasing totaling $122 million, while occupancy levels increased compared to 2007.
The occupancy levels of Buildings A and B are expected to increase to full capacity as all non-FSU tenants asked to vacate have done so.
While occupancy levels were down, average room rates (ARR) rose slightly by 1.
25, 2014 /PRNewswire/ -- An updated lodging forecast released today by PwC US anticipates stronger occupancy gains in 2014, setting the stage for 2015, during which PwC US anticipates the highest occupancy levels in 20 years.
An influx of MICE business and the expansion of Qatar Airways' network internationally drove significant increases in occupancy levels and revenues for hotels in Doha in May.