The share of available rental units that are occupied during a point in time or period.
What occupancy rate means in practice
Physical occupancy counts units; economic occupancy compares collected or earned rent with potential rent. Labeling the version and measurement date prevents misleading comparisons.
Example
Nine occupied units out of ten available units equals 90% physical occupancy.
This glossary is educational and not legal, tax, lending, or accounting advice. Rules and terminology can vary by jurisdiction and professional context.