What is the meaning of vacancy factor?

vacancy factor is a measurement of gross rental income loss due to vacancy and non-collection of rent. The rate is expressed as a percentage, and is calculated by dividing lost rental income (from vacancy and non-collection) into total potential gross rental income (including income from other rental units and the lost income).

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APABarry Goldsmith. (2010). vacancy factor. Retrieved October 2, 2026, from http://smartdefine.org/vacancy_factor/definitions/1166102
ChicagoBarry Goldsmith. 2010. "vacancy factor" http://smartdefine.org/vacancy_factor/definitions/1166102 (accessed October 2, 2026).
HarvardBarry Goldsmith 2010, vacancy factor, Smart Define, viewed 2 October, 2026, <http://smartdefine.org/vacancy_factor/definitions/1166102>.
MLABarry Goldsmith. "vacancy factor" 21 October 2010. Web. 2 October 2026. <http://smartdefine.org/vacancy_factor/definitions/1166102>