You have shown 4 vacant apartments to 16 potential renters. This week and you have taken 4 applications for the vacancies from those who have toured the property. What is your leasing closing ratio? In percentage

Answer 1

To calculate the leasing closing ratio, you can use the following formula:

\[ \text{Leasing Closing Ratio} = \left(\frac{\text{Number of Applications}}{\text{Number of Showings}}\right) \times 100 \]

In your case:

• Number of Applications = 4
• Number of Showings = 16

Now, plug in the values:

\[ \text{Leasing Closing Ratio} = \left(\frac{4}{16}\right) \times 100 = 0.25 \times 100 = 25% \]

So, your leasing closing ratio is 25%.