"Occupancy rates" refers to the proportion of available space that is currently being used or occupied. It is often used to measure the utilization or popularity of places like hotels, rental properties, or office spaces.
Full definition
The average
occupancy rates for independent living and assisted living are now 1.0 and 1.1 percentage points, respectively, above their cyclical lows.
This is reflected in the strong demand it has been experiencing with consistently high
occupancy rates of more than 80 per cent and the numerous industry awards received.
According to the company, hotels have an
average occupancy rate of 65 %, meaning 1 in 3 rooms are typically going to waste.
Worked with area building owners and landlords to assist in sufficient
occupancy rates in commercial / industrial buildings.
According to the report, average
hotel occupancy rates reached 64 per cent compared to 68 per cent during the first quarter of 2011.
While new development levels are creeping up, leasing activity remains robust,
occupancy rates at industrial properties are high and rents are continuing to grow.
With occupancy rates so high, room rates at extended stay hotels are going up significantly faster than inflation.
Luckily for us, the opposite is also true — some hotels experience
lower occupancy rates and prices and thus the award category is lowered.
If the number of individuals occupying a room decreases, the remaining travelers will be responsible for additional costs incurred as a result of a change in the per
person occupancy rate.
National rents only rose 3.1 %, comparative to last year, which were over 5 %, while the national
occupancy rate fell by 0.6 %.
Last year, the residential rental market saw
record occupancy rates, as well as a rise in new multifamily developments.
Or instead just change your curriculum structures to
improve occupancy rates on your existing lab rooms and other resources, at no extra cost?
The exception was the first quarter,
when occupancy rates slipped back for assisted living properties.
It is their duty to ensure that the assigned apartment or the property under them have a
good occupancy rate.
Competition from new hotels may limit how quickly owners of existing properties can raise their room rates, despite very
strong occupancy rates.
These favorable demand drivers are expected to allow absorption to keep pace largely with new construction activity and
keep occupancy rates near today's levels.
There were also a number of markets that saw significant deterioration in assisted
living occupancy rates in the past year.
The majority of respondents (65 percent) said they
expect occupancy rates to rise in their region in the next 12 months.
The REIT has also been able to maintain high
occupancy rates across its properties to the benefit of its investors.
Nevertheless, latest travel and tourism indicators show that people are still travelling — with international air travel and hotel
occupancy rates up.
Unfortunately,
since occupancy rates are at their highest possible levels, most real estate participants don't recognize when this occurs.
While some markets are feeling pressure from new product, other markets are managing to sustain — and even strengthen — healthy
multifamily occupancy rates.
• Highly experienced in directing the operations of residential and commercial properties to ensure highest
possible occupancy rates.
Commercial real
estate occupancy rates should improve in 2003, thanks to increased business spending, among other factors.
I would like to work with a manager as long as the numbers work but I'm thinking a good manager will pay for itself just in
occupancy rate alone.
The balance between supply and demand has worked out to an average
sector occupancy rate has hung near 75 percent since 2011.
Though occupancy rates are still high on average, the markets around many universities are already crowded with extremely expensive new properties.
The first quarter of 2013 marked the first time since the second quarter of 2010 that the seniors housing average
occupancy rate failed to rise.
Phrases with «occupancy rates»