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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
"I expect the occupancy level to be between 50pc to 60pc by today that will rise to about 80pc on the second day of Eid," said Mr Al Halwachi.
Occupancy levels in Abu Dhabi, however, went up by 4.5 per cent.
In the comparable month from last year, Tunisia's occupancy level was just 25.5 per cent following the terrorist attack in Sousse the previous month.
And the Royal College of Anaesthetists has recommended critical care bed occupancy level is 70% saying persistent bed occupancy of more than that suggests that a unit is too small.
Twelve of KBRA's 14 prime markets saw occupancy levels higher than observed during 2007, prior to the Great Recession.
Toby Stephenson, partner at BDO in Birmingham, said: "Although prices paid and occupancy levels are still quite low compared to other cities, the double digit revenue growth is positive and indicates an upturn in form for the hotel sector.
Following the Olympic Games and its success at national awards, Rockliffe Hall in Hurworth, County Durham, has reported an increase in demand, especially in the business tourism sector, with occupancy levels averaging 75% in 2013, a rise on the 68% recorded in 2012, and weekends now regularly 100% occupied.
Wales' stellar performance in December was underpinned by a 6.6% rise in occupancy levels from 58.6% in December 2010 to 62.5% in 2011.
Summary: Safety becomes main feature for travellers opting for Abu Dhabi for vacation, resulting in hotel revenues reaching AED2.53 billion so far in 2011 and as occupancy levels rising to 65 percent in July.
For December, Dubai hotels outperformed all the other major regional cities including Jeddah, Beirut, and Cairo which posted occupancy levels of 68, 65, and 72.2 per cent respectively.
PSPL's ability to improve its financial risk profile and to increase its low occupancy levels are the most important rating sensitivities.
Occupancy levels showed a huge 13.6% jump to 63.8% and room rate levels increased 8.4% to pounds 67.87.