Vacancy Guide

: The percentage of available units in a rental property that are unoccupied at a given time. It is calculated to assess demand; low rates indicate high demand, while high rates can signal market saturation or property issues.

: A broader measure that includes units not collecting rent, such as model units, manager quarters, or unrentable units undergoing repairs. Common Types of Vacancy : Vacancy

: Occurs during standard tenant turnover at the end of a lease. : The percentage of available units in a

: Caused by physical damage or necessary repairs that prevent the unit from being rented. Common Types of Vacancy : : Occurs during

: Common in vacation rentals occupied only during specific months.

In real estate, vacancy refers to rental units or commercial spaces that are currently empty and not generating income. :

: Owners often use pricing adjustments , move-in incentives (e.g., waived application fees), and effective marketing to reduce vacancy periods. 2. Employment Vacancy