vacancy rate

Frequency: 8.530.1 per million words

the percentage of all available units in a rental property, such as a hotel or apartment complex, that are unoccupied or available

vacancyvacancy + NOUN

Categories:

rate

Examples (10)

  • The city is suffering from high office vacancy rates and stagnant housing prices.
  • During the peak tourist season, the hotel's vacancy rate drops to nearly zero.
  • Rising rents have contributed to higher vacancy rates in luxury apartment buildings.
  • Investors are worried about the increasing vacancy rate in commercial properties downtown.
  • A low vacancy rate is often seen as a sign of a healthy rental market.
  • To calculate the vacancy rate, divide the number of empty units by the total number of units.
  • Landlords are offering incentives to tenants to reduce the building's vacancy rate.
  • The vacancy rate in the suburbs is significantly lower than in the city center.
  • The shopping mall struggles with a high vacancy rate as retailers move online.
  • Demand for warehouses has pushed the industrial vacancy rate to historic lows.