vacancy rates

Vacancy rates refer to the percentage of available rental or commercial properties that are currently unoccupied and not generating income. It's a key indicator of the health of the real estate market, showing whether there's more supply than demand. A high vacancy rate can suggest declining demand or oversupply, possibly leading to lower rents. Conversely, a low vacancy rate indicates strong demand and limited supply, often resulting in higher rents. This metric helps investors, landlords, and policymakers assess market conditions and make informed decisions.