"Occupancy expenses" refers to the various costs associated with using or living in a space, such as rent, utilities, and maintenance fees. Full definition
These are properties with strong rental returns, low vacancy rates, low occupancy expenses. (nreionline.com)
This action will result in a net reduction of annual occupancy expenses of approximately $ 10 million, reducing the Company's future lease commitments by approximately $ 102 million. (businesswire.com)
In all, the moves are expected to reduce Barnes & Noble's annual occupancy expenses by $ 10m and reduce its future lease commitments by $ 102m. (theregister.co.uk)