Property Management
A 'vacancy rate' in property management is calculated as:
ANumber of vacant units ÷ total number of units
BAnnual rent lost from vacancies ÷ potential gross income
CBoth A and B are common ways to express vacancy rate✓ Correct
DNumber of days a unit was vacant ÷ 365
Explanation
Vacancy rate can be expressed as a percentage of vacant units (physical vacancy) or as the percentage of potential income lost due to vacancies (economic vacancy). Both measures are used in property management analysis.
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