What is Vacancy Rate?
What is Vacancy Rate?
Section titled “What is Vacancy Rate?”Portfolio Vacancy Rate is the share of the last 12 months your properties actually spent vacant, based on the vacancy periods you’ve recorded:
Vacancy Rate = Total Vacant Days (trailing 365 days) / (365 × Number of Owned Properties) × 100Where you’ll see it
Section titled “Where you’ll see it”Dashboard, in the portfolio hero stats, alongside Tenant Turnover.
How it’s calculated
Section titled “How it’s calculated”Property Insights looks at every recorded vacancy period across your owned properties, keeps only the portion that falls within the last 365 days (an open-ended vacancy that’s still ongoing counts through today), and totals it up against the maximum possible vacant time (365 days × how many properties you own). This is a realised figure from recorded history — not a forecast assumption — so it only reflects vacancy periods you’ve actually logged as events on a property.
How to read it
Section titled “How to read it”A low Vacancy Rate means your portfolio has been consistently tenanted over the past year. Occasional short vacancies between tenancies are normal and expected — a healthy portfolio typically shows a small non-zero rate rather than exactly 0%, since even well-managed properties usually have a short gap while re-letting.