The formula to calculate the vacancy rate (VR) is:
\[ VR = \frac{V}{OU} \times 100 \]
Where:
Vacancy rate is a term used to describe the percentage of all available units in a rental property, such as an apartment complex, that are vacant or unoccupied at a particular time. It is an important metric in real estate and property management.
Let's assume the following values:
Using the formula to calculate the vacancy rate:
\[ VR = \frac{5}{50} \times 100 = 10\% \]
The Vacancy Rate (VR) is 10%.
