Property Management
What does 'market vacancy rate' indicate for a Delaware rental market?
AThe percentage of units currently listed for sale in the market
BThe percentage of all available rental units in a market that are unoccupied at a given time✓ Correct
CThe vacancy rate used in the highest and best use analysis
DThe percentage of units with delinquent rent
Explanation
The market vacancy rate is the percentage of total rental units in a market that are unoccupied at any given time. A low vacancy rate signals strong demand; a high rate suggests oversupply or weak demand.
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