Vacancy rate

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Vacancy rate

The ratio of the currently vacant area to the total available space.
References in periodicals archive ?
"For example, if both vacancy rates and home prices are relatively low, it could mean that sellers are parting with their homes for less money than they could have potentially received.
Natural Vacancy Rates in Major Texas Office Markets.
Midtown posted its second consecutive quarter of falling vacancy rates in all building classes in the third quarter of 2011.
The vacancy rate for West Palm Beach is expected to hit 9.9 percent by December, up from 8.7 percent in 2008, according to the 2009 national apartment report by real estate investment services firm Marcus & Millichap.
The national office vacancy rate increased to 10.6 percent during the third quarter from 10.2 percent the previous quarter, while the sublease vacancy rate rose to 1.5 percent at the end of September from 1.2 percent at the end of June, noted Cushman & Wakefield.
The medical office submarket saw 365,671 SF added to the market during the first quarter of 2008, increasing vacancy rates 3.8 percent to 17 percent for the first quarter.
The report calls for a larger inventory of permanently affordable non-profit housing that would offer low-income and special needs households a measure of protection from volatile changes in the housing market, as vacancy rates, interest rates and rents fluctuate from year to year.
Although there won't be any developments on the scale of, say, the Roppongi Hills complex, a steady supply of new buildings--including developments in Marunouchi and Nihonbashi--are likely to keep vacancy rates high in the near future.
"Further comparisons show that Thunder Bay was the centre with the third highest vacancy rate in the land, with Sudbury once again having the highest (7.7 per cent) and Trois Rivieres in Quebec (6.8 per cent) having the second highest vacancy rates among CMAs in the country."
Midtown recorded an increase in vacancy rates for spaces in high-end buildings for the first time in more than a year.
The vacancy rate for rental units was essentially unchanged during the first quarter of 2008, according to the U.S.