Leasing
Economic occupancy is collected or contracted rent as a share of gross potential rent, capturing vacancy, concessions, and loss to lease.
Updated Sep 12, 2026
Economic occupancy = Collected (or in-place) rent ÷ Gross potential rent
Economic occupancy is the occupancy number that talks in dollars. Two properties can share the same physical occupancy and have very different economic occupancy.
That is usually the better KPI for owners. Unitz pairs both views on the portfolio. See Portfolio Analytics.
Effective gross income is gross potential rent plus other income, minus vacancy and credit loss.
Loss to lease is the gap between current market (asking) rent and the actual contracted rent on occupied units.
Physical occupancy is the share of units that are leased, regardless of whether the contracted rent is at market.
See this in the product: Portfolio Analytics
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