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 ?
Given projected increases in demand from 2013 onwards,more hotels will be required if relatively high occupancy levels are to be maintained.
At Normandy's portfolio in the New Jersey Tri-State region, occupancy levels increased 2.
Occupancy levels remained somewhat the same with a minor 1 per cent drop, standing at 49.
1 per cent to $312 while occupancy levels remained strong, albeit marginally lower than the same period last year, reaching 83 per cent.
Four- and five-star hotels in Dubai witnessed a mixed performance in September with occupancy levels growing 2.
Looking at the positives, Wales managed to maintain its occupancy levels during November when compared to the previous year, but this appears to be at the expense of higher room rates which continue to be squeezed considerably.
The company's ability to execute the project as scheduled and to achieve the envisaged lease rentals and occupancy levels amid the slowdown in the real estate sector remain the key rating sensitivities.
The occupancy levels are all the more encouraging given the continuing growth in hotel room stock with several new schemes in the pipeline, such as the pounds 15m Hotel Indigo in Chapel Street which aims to be the "coolest" in the city.
Business advisory firm Deloitte's latest hotel survey shows occupancy levels in the city's hotels for the year to September at only 62.
Due to limited new supply and increased compression resulting from near-maximum-capacity occupancy levels, overall RevPAR will experience double-digit growth for the next few years.
Average occupancy levels have not noticeably changed," says Ronald K.