Vacancy Rate

The vacancy rate is a measure used in real estate to show the percentage of available rental or commercial spaces that are currently unoccupied and not generating income. It helps landlords, investors, and analysts gauge the supply of available properties versus those in use. A low vacancy rate indicates high demand and limited empty spaces, suggesting a strong market. Conversely, a high vacancy rate can signal oversupply or reduced demand, potentially leading to lower rental income. It’s an important indicator of market health and helps inform investment and leasing decisions.