Economic Vacancy Rate:

While physical vacancy measures unoccupied units, economic vacancy accounts for actual rental income lost — including rent concessions, late payments, or units rented below market rate.

How to calculate:

• Total Rentable Days = Total Units × Days in Period (e.g., 10 units × 30 days = 300)
• Actual Rented Days = Sum of all days each unit was actually occupied and paying rent
• Average Rent = Used to estimate potential income loss from vacancies