vacancy rate(redirected from Vacancy Rates)
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
vacancy ratethe number of available jobs (‘officially’ notified to local JOB CENTRES) which remain unfilled as a percentage of the total LABOUR FORCE.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
vacancy ratethe 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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
vacancy rateThe 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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.