Vacancy -

: Occurs during standard tenant turnover at the end of a lease.

: Caused by physical damage or necessary repairs that prevent the unit from being rented. Vacancy

In real estate, vacancy refers to rental units or commercial spaces that are currently empty and not generating income. : : Occurs during standard tenant turnover at the

: A broader measure that includes units not collecting rent, such as model units, manager quarters, or unrentable units undergoing repairs. Common Types of Vacancy : : : A broader measure that includes units

: Common in vacation rentals occupied only during specific months.

: The percentage of available units in a rental property that are unoccupied at a given time. It is calculated to assess demand; low rates indicate high demand, while high rates can signal market saturation or property issues.

: Owners often use pricing adjustments , move-in incentives (e.g., waived application fees), and effective marketing to reduce vacancy periods. 2. Employment Vacancy