vacancy rate

vacancy rate definition - business

vacancy rate

The percentage of available rental units that remain unoccupied or unrented. A high vacancy rate tends to pressure landlords to lower rents or offer incentives in order to fill unoccupied units. Compare occupancy level.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.