What is Lease Renewal Rate?
Lease Renewal Rate is defined as: Percentage of expiring leases that are renewed rather than vacated. A direct driver of occupancy stability.
What data source is used to measure Lease Renewal Rate?
Lease Renewal Rate is typically measured using data from a Property Management System. This system of record provides the transactional and operational data required to calculate and monitor this metric accurately and in real time.
Typical Data SourceProperty Management System
Which industries track Lease Renewal Rate?
Lease Renewal Rate is a key performance indicator used across the following sectors:
How does Firehawk Analytics measure Lease Renewal Rate?
Firehawk Analytics connects directly to your Property Management System and delivers a live Lease Renewal Rate dashboard. Configuration is completed within 48 hours — no data analyst required on your team.