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Vacancy Rate Formula

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Vacancy Rate refers to the percentage of available rental units or properties that are currently unoccupied or vacant within a specific geographic area or property portfolio. Check FAQs

VR = \frac{U Vacant \cdot 100}{U Total}

VR - Vacancy Rate?U_Vacant - Vacant Units in the Building?U_Total - Total Units in the Building?

Vacancy Rate Example

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With units

Only example

Here is how the Vacancy Rate equation looks like with Values.

Here is how the Vacancy Rate equation looks like with Units.

Here is how the Vacancy Rate equation looks like.

37.5 = \frac{300 \cdot 100}{800}

37.5 = \frac{300 \cdot 100}{800}

37.5 = \frac{300 \cdot 100}{800}

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Vacancy Rate Solution

Follow our step by step solution on how to calculate Vacancy Rate?

FIRST Step Consider the formula

VR = \frac{U Vacant \cdot 100}{U Total}

Next Step Substitute values of Variables

∴

VR = \frac{300 \cdot 100}{800}

Next Step Prepare to Evaluate

∴

VR = \frac{300 \cdot 100}{800}

LAST Step Evaluate

∴

VR = 37.5

Vacancy Rate Formula Elements

Variables

Vacancy Rate

Vacancy Rate refers to the percentage of available rental units or properties that are currently unoccupied or vacant within a specific geographic area or property portfolio.

Symbol: VR

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Vacancy Rate

Vacant Units in the Building

Vacant Units in the Building refers to the number of rental units within a specific building that are currently unoccupied or available for lease.

Symbol: U_Vacant

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Vacant Units in the Building

Total Units in the Building

Total Units in the Building refers to the overall number of individual residential or commercial units within a specific building or property.

Symbol: U_Total

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Units in the Building

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EGI = GRI + OI - VBD

Go Gross Rental Income

GRI = \frac{PV}{GRM}

How to Evaluate Vacancy Rate?

Vacancy Rate evaluator uses Vacancy Rate = (Vacant Units in the Building*100)/Total Units in the Building to evaluate the Vacancy Rate, Vacancy Rate is a crucial metric used by property owners, investors, landlords, and real estate professionals to assess the health of the rental market and to gauge the level of demand for rental properties. Vacancy Rate is denoted by VR symbol.

How to evaluate Vacancy Rate using this online evaluator? To use this online evaluator for Vacancy Rate, enter Vacant Units in the Building (U_Vacant) & Total Units in the Building (U_Total) and hit the calculate button.

FAQs on Vacancy Rate

What is the formula to find Vacancy Rate?

The formula of Vacancy Rate is expressed as Vacancy Rate = (Vacant Units in the Building*100)/Total Units in the Building. Here is an example- 37.5 = (300*100)/800.

How to calculate Vacancy Rate?

With Vacant Units in the Building (U_Vacant) & Total Units in the Building (U_Total) we can find Vacancy Rate using the formula - Vacancy Rate = (Vacant Units in the Building*100)/Total Units in the Building.

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: Unit

Vacancy Rate Formula

Vacancy Rate Example

Vacancy Rate Solution

Vacancy Rate Formula Elements

Other formulas in Mortgage and Real Estate category

How to Evaluate Vacancy Rate?

FAQs on Vacancy Rate

Variable Name