The rental vacancy rate is an economic indicator which measures the percentage of rental homes that are vacant.
What is meant by vacancy rate?
The vacancy rate is the percentage of all available units in a rental property, such as a hotel or apartment complex, that are vacant or unoccupied at a particular time. ... High vacancy rates indicate that a property is not renting well while low vacancy rates can point to strong rental sales.
How do you calculate vacancy rate?
Calculating the vacancy rate of a rental property
- Multiply the number of vacant units by 100.
- Divide the result by the total number of units in the property.
