Occupancy

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Occupancy

The state of living or maintaining an office in a designated building or portion thereof. For example, one who rents a house may take up occupancy on the first day of the lease.
References in periodicals archive ?
All of the fundamental factors that have driven New York occupancies and rates to the record levels of these past few years are expected to continue," Fox said.
This creates a situation where the number of new hotel rooms is growing faster than the demand for the new accommodations, thus occupancies decline.
Occupancies in the independent living units (ILU) and assisted living units (ALU) were very low at 78% and 72% respectively, in March but have improved and as of August were 85.