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Real Estate vocabulary · Property Management

Vacancy rate

Meaning in real estate, with examples

nounCommon term

In real estate, vacancy rate means: The share of units in a building, portfolio or market that are empty and not rented at a given time, shown as a percentage.

In Turkish: boşluk oranı, boş kalma oranı

How it is used

Investors, property managers and market reports use it to measure demand. A high vacancy rate means lost rent and pressure on prices; a low one points to strong demand. The opposite figure is the occupancy rate.

Example sentences

  1. The office vacancy rate in the district fell to 12%.

  2. We assume a 5% vacancy rate when we calculate the yield.

Common collocations

  • high vacancy rate
  • office vacancy rate
  • vacancy rates fall
  • occupancy rate
  • rental yieldThe yearly rent from a property shown as a percentage of its price or value. A home worth 200,000 that earns 10,000 a year has a 5% gross yield.
  • net operating incomeA property's yearly income from rent and other sources minus its operating costs, before mortgage payments and income tax are taken off.
  • property managementThe day-to-day running of a property on behalf of its owner, including finding tenants, collecting rent, arranging repairs and dealing with problems.
  • office spaceRooms or floors in a building used or available for office work, usually leased to companies by the square foot or square metre.

More terms: Property Management

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