Definition
The percentage of rentable space sitting empty and generating zero income, serving as a referendum on your property's appeal and your pricing strategy. Low is good; high means you're bleeding money.
Example Usage
The apartment complex maintained a vacancy rate of just 3%, well below the market average of 8%.
Origin
Statistical measure adopted from hotel industry into broader real estate analysis
Fun Fact
A vacancy rate of 5-7% is often considered 'healthy' because it indicates market balance—too low means you're probably undercharging.
Source: Property management and investment analysis terminology
Related Terms
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See “vacancy rate” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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