Percentage of expiring leases that are renewed rather than vacated. A direct driver of occupancy stability.
Lease Renewal Rate is defined as: Percentage of expiring leases that are renewed rather than vacated. A direct driver of occupancy stability.
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.
Lease Renewal Rate is a key performance indicator used across the following sectors:
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.
Percentage of available rental properties or units currently unoccupied. The primary revenue leakage metric for property managers.
Annual net rental income as a percentage of property value. The core return metric for property investors after expenses.
Mean number of days from listing to sale or lease. Measures pricing accuracy and market demand for the portfolio.
In 48 hours, you'll have a live Lease Renewal Rate dashboard connected to your Property Management System.