empty rate
Definitions
The percentage of available or unoccupied units, such as apartments or hotel rooms, within a specific property or market.
A metric used in logistics and shipping to measure the proportion of containers or vehicles traveling without cargo.
Examples
The hotel's empty rate reached an all-time high during the off-season, forcing management to lower their prices.
Investors are closely monitoring the empty rate of commercial office buildings in the downtown district to gauge the health of the local economy.
Synonyms
Antonyms
occupancy rate fullness ratio utilization rate saturation level