occupancy rate


The ratio of rented space relative to the amount of space available for rent. An apartment building with 8 out of 10 apartments rented has an occupancy rate of 80 percent.

Use occupancy rate in a sentence

You should always make sure that you do not exceed your occupancy rate or your business may get shut down.

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The lack of new office complexes in the area has resulted in a historically high occupancy rate despite record pricing.

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Our building has a very low occupancy rate and could use some new tenants in order to make sure that the city does not force us to abandon it.

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occupancy permit revenue per available room