Home
Back
Percentage Leased Formula:
| From: | To: |
Percentage Leased is a key metric in real estate that measures the proportion of total available space that is currently under lease agreements. It indicates the occupancy rate of a property and is crucial for property management and investment analysis.
The calculator uses the percentage leased formula:
Where:
Explanation: This simple ratio provides a clear picture of how much of your available space is generating rental income.
Details: Tracking percentage leased helps property managers and investors assess property performance, make informed decisions about marketing and pricing strategies, and evaluate the overall health of their real estate portfolio.
Tips: Enter leased area and total area in square feet. Both values must be positive numbers, and leased area cannot exceed total area. The calculator will automatically compute the occupancy percentage.
Q1: What is a good percentage leased?
A: Typically, 90-95% is considered excellent for most commercial properties, though this varies by property type and market conditions.
Q2: How often should percentage leased be calculated?
A: Monthly calculation is recommended for active property management, with quarterly reviews for investment analysis.
Q3: Does percentage leased include pending leases?
A: Standard practice includes only executed leases. Pending leases are typically tracked separately until finalized.
Q4: How does percentage leased differ from occupancy rate?
A: Percentage leased measures contracted space, while occupancy rate measures physically occupied space. They can differ due to vacancies between tenants.
Q5: What factors affect percentage leased?
A: Market conditions, rental rates, property location, tenant mix, and property condition all influence leasing performance.