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Vacancy Rate Calculator

Formula

The formula to calculate the vacancy rate (VR) is:

$VR = \frac{V}{OU} \times 100$

Where:

$VR$ is the Vacancy Rate (%)
$V$ is the total number of vacancies
$OU$ is the total number of open units/positions

What is Vacancy Rate?

Vacancy rate is a term used to describe the percentage of all available units in a rental property, such as an apartment complex, that are vacant or unoccupied at a particular time. It is an important metric in real estate and property management.

Example Calculation

Let's assume the following values:

Total Number of Vacancies (V): 5
Total Number of Open Units/Positions (OU): 50

Using the formula to calculate the vacancy rate:

$VR = \frac{5}{50} \times 100 = 10\%$

The Vacancy Rate (VR) is 10%.