Occupancy Level
Definition of "Occupancy level"
The number of units currently occupied in a facility, neighborhood, or city, stated as a percentage of total capacity. For example, a hotel has 80 rooms available for guests. Its average occupancy during the off season is 50. Therefore, its average occupancy level during the off season is 50/80=62.5%. The opposite term is vacancy rate would be 30/80=37.5.
Popular Real Estate Terms
A map that shows land elevations. ...
Situation where a neighbor hood is gradually occupied by progressively lower income people. ...
One based on the whole body of the law. A lawful right is being exercised. ...
Local government ordinances governing real estate development including structural and design aspects. Zoning ordinances usually define various usage classifications ranging from ...
In real estate, the term "preamble" refers to an introductory statement that outlines the fundamental principles and goals guiding the industry's practices. Specifically, in the National ...
Person's title to real estate giving him exclusive power and rights owner it. ...
Loan mandating equal periodic payments to pay off the loan subsequent to the last payment. ...
Arbitrary value assigned to real property without any scientific or technical reason. It is a personal decision based on a hunch. ...
It is intended to stimulate private investment in distressed cities and urban counties by providing federal "seed money' to attract private funds for such projects as industrial parks and ...
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