Vacancy Rate measures the percentage of unoccupied units within a building, complex, or market. It reflects occupancy demand and market health, influencing pricing and investment decisions.

• Formula: (Vacant Units ÷ Total Units) × 100.
• Market Indicator: High rates may signal oversupply or economic downturns.
• Pricing Impact: Low vacancy often leads to higher rental rates.
• Investor Consideration: Used to evaluate profitability and asset performance.

Monitoring vacancy rates helps stakeholders adjust pricing, plan tenant retention strategies, and assess market competitiveness.