How do you calculate vacancy rate for lease property?

To calculate the vacancy rate for a leased property, divide the total number of vacant units by the total number of units in the property. Then, multiply the result by 100 to express it as a percentage. For example, if a property has 10 units and 2 are vacant, the vacancy rate would be (2/10) x 100 = 20%. This metric helps property owners assess the performance and demand for their rental units.