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 ?
"The occupancy rate may not be a barometer as obvious as their apartment-selling performance, but it is one of the key factors affecting their earnings," another construction firm official said.
With 892 beds and a 98 per cent occupancy rate, these properties are the only off-campus, purpose-built, student housing facilities in the nerby area.
As of Thursday, and with under a week left before the first day of Eid, occupancy rates at Hotel Cavalier had not exceeded 60-70 percent, whereas previous years would have been fully booked by this time, Nasser el-Dine said.
"We note that despite these apparent headwinds, hotel occupancy rates remain near recent highs (88.4 per cent in February 2013).
Go to liverpool echo.co.uk Arrowe Park and Clatterbridge hospitals were also down to single figures in the last two weeks of January, with a combined nine empty beds - a 98.9% occupancy rate.
MGM Grand Sanya registered an average occupancy rate of approximately 71% and an around 13% growth in RevPAR (revenue per available room) as compared with that for the same period in last year; the St.
The electricity consumption demonstrates a significant positive correlation (63% ~ 69%) with the occupancy rates in the different types of buildings.
There were no noticeable changes in Egypt, where cities such as Cairo, Sharm El-Sheikh and Hurgada remained stable in their overall occupancy rates, with Cairo's occupancy rising seven per cent year-to-date, Sharm El Shaikh's occupancy grew 12 per cent year-to-date, and Hurghada's occupancy rate grew eight per cent year-to-date.
Cardiff's hotel occupancy rate for August was 75%, an increase of just under 5% year on year, generating an increase in revenue of 26%.
In Oman, occupancy rates are expected to increase from 53 per cent in 2011 to 58.6 per cent by 2016.
In June 2012, Bulgaria topped the Eurostat ranking for net occupancy rates in hotels and similar establishments, scoring 89.4%.
According to the new data, Bahrain's hotel occupancy rates more than doubled in March compared to March last year.