Definition
The percentage of available units or space that is leased and occupied.
Example
Physical occupancy of 94% with economic occupancy of 88% indicated heavy concessions.
Related terms
Frequently asked questions
What does Occupancy Rate mean in real estate?
The percentage of available units or space that is leased and occupied.
How is Occupancy Rate used in practice?
Physical occupancy of 94% with economic occupancy of 88% indicated heavy concessions.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.