You manage a 125 unit apartment community and have 6 vacancies currently. What is you current occupancy percentage

1 answer

To calculate the occupancy percentage, you can use the following formula:

\[ \text{Occupancy Percentage} = \left( \frac{\text{Total Units} - \text{Vacancies}}{\text{Total Units}} \right) \times 100 \]

In this case, you have 125 total units and 6 vacancies:

\[ \text{Occupancy Percentage} = \left( \frac{125 - 6}{125} \right) \times 100 \] \[ = \left( \frac{119}{125} \right) \times 100 \] \[ = 0.952 \times 100 \] \[ = 95.2% \]

So, your current occupancy percentage is 95.2%.