The period of marketing and signing leases to move a vacant or newly delivered property toward stable occupancy.
What lease-up means in practice
Lease-up performance depends on pricing, lead response, showing conversion, screening, unit readiness, concessions, and move-in execution. Investors usually model more vacancy and marketing cost during this phase.
Example
A renovated eight-unit property signs six leases over three months and continues lease-up until it reaches the owner’s stabilized occupancy target.
This glossary is educational and not legal, tax, lending, or accounting advice. Rules and terminology can vary by jurisdiction and professional context.