What is occupancy rate?

Occupancy rate measures the percentage of a property’s leasable space that is currently occupied by tenants. Strong occupancy often contributes to more stable income, although the quality of tenants and lease terms are equally important.

When evaluating investment property, occupancy should be considered together with lease expirations, tenant mix, rental rates, and overall financial performance.

If you’re reviewing income-producing property, I’d be happy to help explain how occupancy fits into the larger investment picture.