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
Contractual provision requiring apportionment. ...
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Fluctuation in sales, profits, rat of return, etc. Likelihood of declining value. ...
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Square footage of space a parcel of land has. ...
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