occupancy (rate or level) Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: occupancy (rate or level)

occupancy (rate or level)

percentage of currently rented units in a building, city, neighborhood, or complex. Contrast with vacancy rate .

Example: Today the Holiday Hotel has 90 of its 100 rooms booked and filled. Its occupancy level is 90%. Conversely, its vacancy rate is 10%.

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