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Vacancy Rate illustration

Real Estate · Income

Vacancy Rate

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Use vacancy rate to estimate income drag before stabilized NOI and break-even analysis.

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Occupancy check

Vacant Units / Total Units

Four vacant units out of forty total units equals 10% vacancy.

Check your inputs before you rely on the result — calculations are informational only and depend entirely on the numbers you enter. See our Terms.

Variables and units

  • Vacant Units

    Number of vacant units or equivalent vacant spaces.

    count

  • Total Units

    Total rentable units or spaces.

    count

Common mistakes

  • Mixing units and square footage in the same calculation.
  • Ignoring economic vacancy when rent is unpaid.

Step-by-step example

Occupancy check

Four vacant units out of forty total units equals 10% vacancy.