What is occupancy in terms of commercial real estate?
What is occupancy? In terms of commercial real estate, occupancy is simply the amount of space occupied by paying tenants in a multi-tenant property. With office, retail and industrial properties, obtaining accurate occupancy information is relatively easy because property owners and leasing agents are open to divulge information because they want the market to know when they have space available for tenants. If the validity of a property’s occupancy is in doubt, then one can simply visit the property and conduct a sight analysis giving them a good idea of the property’s status.
