Occupancy & Vacancy Analysis: Definition & Process

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

In real estate, the _____ rate is the percentage of all units in one rental property that are unoccupied during a specific period of time.

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1. You can calculate the _____ rate by dividing the number of occupied units into the total number of units available and then you multiply that number by 100.

2. If an appraiser were to conduct an analysis for a(n) _____, he would need to research the current and projected future needs of the occupants, consider the vacancy rate of nearby similar buildings, possible future expansion of recreational areas and accessibility to public transportation.

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About This Quiz & Worksheet

Check what you know about occupancy and vacancy analysis with these resources. The questions include definitions and calculations to test you.

Quiz & Worksheet Goals

Topics covered are:

  • Deductions needed to calculate effective gross income
  • Required calculations for appraisers in investment properties
  • Different rates that can be calculated
  • A property type for which specified research is needed

Skills Practiced

You'll practice these skills:

  • Defining key concepts - ensure that you can accurately choose the correct terms about occupancy and vacancy analysis to match the given definitions
  • Critical thinking - apply relevant concepts to examine information about rate calculations in a different light
  • Information recall - access the knowledge you've gained regarding appraiser deductions to find effective gross income for a property

Additional Learning

There is an accompanying lesson called Occupancy & Vacancy Analysis: Definition & Process that can help you review any difficult areas and learn more about this topic. These subjects are included:

  • The definition of occupancy rate
  • Vacancy and loss collections
  • Determining net operating income
  • Procedures for performing a property analysis
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