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Calculate Occupancy Rate by dividing occupied days by total days.

1. Calculate total days (days in the year X units)
2. Subtract vacant days
3. The result is the number of occupied days
4. Divide occupied days by total days: the result is the occupancy rate
   

Total Days (# days in the year x # units) minus Vacant Days in year
Total Days

Example

1. A building with 10 units has 3,650 total days (10 X 365 days a year)
2. 4 units were vacant for 9 days each for a total of 36 vacant days (4 x 9)
3. 3,650 days - 36 vacant days = 3,614 occupied days
4. Occupied days divided by 3,650 Total days = an occupancy rate of 99%.

A good performance goal is to keep occupancy rates above 95%.