The phrase "vacancy factor" refers to the percentage of empty or unoccupied units or spaces in a particular property or area. It helps measure the availability or lack of tenants or occupants in a given location. Full definition
Total GLA for retail space in Hawaii is 15.5 million sq. ft., with an overall vacancy factor of about 6 percent, according to Fridley. (nreionline.com)
Consistently increasing property values and dramatically increasing monthly lease rates while maintaining a low vacancy factor through successful property purchase and rehabilitation efforts (jobhero.com)
Denver uses varying vacancy factors for its jurisdictions. (sapling.com)