Occupancy Rate (OR)
Percentage of available units or spaces that are rented or occupied
FORMULA
Occupancy Rate = (Occupied Units / Total Available Units) × 100
Alternate Calculations
Revenue Occupancy
(Actual Rental Income / Potential Rental Income) × 100What is Occupancy Rate?
Occupancy Rate measures the percentage of available rental units or spaces that are occupied at a given time. A fundamental metric in real estate investing and property management.
Higher occupancy rates indicate better demand and market conditions. Vacancy indicates lost rental income. Used for forecasting revenue and evaluating property performance.
Chart
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Sample Data
| month | occupied | total | occupancy | rent |
|---|---|---|---|---|
| Jan | 145 | 150 | 96.7 | 87,500 |
| Feb | 147 | 150 | 98 | 88,500 |
| Mar | 148 | 150 | 98.7 | 89,000 |
| Apr | 149 | 150 | 99.3 | 89,500 |
| May | 150 | 150 | 100 | 90,000 |
| Jun | 149 | 150 | 99.3 | 89,500 |
Required Data Columns
occupied_unitstotal_unitsvacancy_rate