vacancy rate

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Vacancy Rate

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.

vacancy rate

the number of available jobs (‘officially’ notified to local JOB CENTRES) which remain unfilled as a percentage of the total LABOUR FORCE.

vacancy rate

the 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.

The vacancy rate can be looked at alongside the UNEMPLOYMENT RATE in estimating whether or not the economy is at, or approaching, FULL EMPLOYMENT.

vacancy rate

The 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.
References in periodicals archive ?
Kapfidze continued, "On the flip side, high vacancy rates and high homes prices often suggest that an area has some unique characteristics, such as being a vacation hot spot or targeted by investors, which could mean the real estate is overpriced.
"Office Vacancy Rates: How Should We Interpret Them?" Business Review.
Class A vacancy rates dropped to 11.2 percent this quarter, a decrease of 5 percent from the Class A vacancy rate of 11.7 percent the previous quarter.
Miami's position in the ranking fell one point to 19, while its vacancy rate was expected to rise 1.2 points to 6.6 percent; and Fort Lauderdale's ranking fell 10 points to 25 with a vacancy rate rising 1.1 points to 7.9 percent.
CBDs tracked by Cushman & Wakefield experienced vacancy rate increases, while 11 markets experienced vacancy rate declines.
Kathy Deck, director of CBER, said the positive absorption rates and improved vacancy rates for some submarkets indicate the commercial market is following the path of the area's residential market and taking steps to correct itself.
The collapse of the for-sale segment of the housing market is reflected in the further easing of both the physical and economic vacancy rates in 2007, although the gap between the two rates remains swollen.
Urawa in the Tokyo suburbs now has a vacancy rate of 18.8 percent and Osaka has a vacancy rate of 10.4 percent.
For the second straight year, the vacancy rate among apartments with at least three units in the Thunder Bay CMA fell marginally to 5.8 per cent in October from 7.5 per cent a year before.
Midtown South recorded decreases in vacancy rates in all property classes for the fifth straight quarter and the submarket's overall vacancy rate dropped to 8.% in the first quarter of 2011.
At 10.1 percent, the first-quarter vacancy rate for all rental units remained the same from the first quarter of 2008, but it was higher than the fourth-quarter 2007 vacancy rate of 9.6 percent.
Vacancy rates in social care are "about twice as high of those for the totality of all private and public sector business activity in England".