What is Vacancy Rate?
Vacancy Rate is defined as: Percentage of available rental properties or units currently unoccupied. The primary revenue leakage metric for property managers.
What data source is used to measure Vacancy Rate?
Vacancy 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 Vacancy Rate?
Vacancy Rate is a key performance indicator used across the following sectors:
How does Firehawk Analytics measure Vacancy Rate?
Firehawk Analytics connects directly to your Property Management System and delivers a live Vacancy Rate dashboard. Configuration is completed within 48 hours — no data analyst required on your team.