Economic vacancy

Owners are generally more concerned with economic vacancies. An economic vacancy is generally defined as a unit not collecting rent or generating book revenue. Such economic vacancies include a model unit, manager’s unit, discounted units, and vacant units being prepared for occupancy. In addition, an unrentable unit that would require more than the standard preparation for occupancy (unrentable in its present condition) is also considered an economic vacancy—Read more at Danter and Associates.