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 ?
While Midtown vacancy rates continued to move lower this quarter, the pace at which they have fallen has slowed," said Delmonte.
about asking and effective rents which can be combined with the more readily available data on physical vacancy rates to calculate an economic vacancy rate.
Class A buildings in Midtown posted nearly a 25% leap in vacancy rates during the same time period, climbing to 11.
The retail market will remain strong as vacancy rates edge down to around 3 percent this year from 4.
The average vacancy rate for retail space in the 57 metro markets is projected to be fairly stable at 8.
Retail vacancy rates ended 2007 on a higher level, increasing by 40 basis points in the fourth quarter compared with the third quarter, or rising by 110 basis points from the end of 2006, said TWR.
In the Palmdale station, the vacancy rate was about 28 percent, and that was also distributed evenly between the city and unincorporated areas.
The report calls for a larger inventory of permanently affordable non-profit housing that would offer low-income and special needs households a measure of protection from volatile changes in the housing market, as vacancy rates, interest rates and rents fluctuate from year to year.
Although there won't be any developments on the scale of, say, the Roppongi Hills complex, a steady supply of new buildings--including developments in Marunouchi and Nihonbashi--are likely to keep vacancy rates high in the near future.
8 per cent) having the second highest vacancy rates among CMAs in the country.
The vacancy rate for standard industrial space dropped to 14.
Industrial vacancy rates are likely to fall to an average of 8.