Vacancy rate
nounva·can·cy ratepronounced VAY-kən-see RAYT
Last reviewed 16 April 2026
What does the noun Vacancy rate mean?
The percentage of rental properties in an area that are unoccupied at a given time. A vacancy rate below 3% generally indicates strong tenant demand.
How the noun Vacancy rate is used
The suburb had a vacancy rate of just 1.2%, which gave us confidence that finding a tenant wouldn't be hard.
Synonyms
rental vacancy rate
Related words
Cite this entry
MLA citation: "Vacancy rate." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/vacancy-rate. Accessed 29 May 2026.
Chicago citation: How to Property. "Vacancy rate." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/vacancy-rate.
APA citation: How to Property. (2026, April 16). Vacancy rate. https://howtoproperty.com.au/definitions/vacancy-rate