Ongoing Rental Loss after Lease Expiry/Block Expiry

Rental Loss represents the lost income for a unit during the days it remains unleased. The metric is based on potential vacancy rent, which corresponds to the contracted rent level had the unit been leased. It therefore estimates the revenue shortfall caused by vacancy. 👉 Difference from Recognized Rental Loss: Rental Loss is a calculated metric, showing the theoretical daily revenue loss. Recognized Rental Loss, on the other hand, is the amount actually recorded in the accounts, reflecting the income statement impact. Together, the two metrics provide both a forecast-oriented (Rental Loss) and an accounting-oriented (Recognized Rental Loss) perspective.

Net Vacancy Rate (Economic) measures the share of potential rental income lost due to vacancies, excluding units that are blocked and therefore not available for leasing. This provides a more accurate picture of the real economic vacancy — focusing only on the portion of the portfolio that is actively leasable. Unlike the standard Economic Vacancy Rate, which includes all units regardless of status, this metric isolates the financial impact of vacancies within the rentable stock.

Net Vacancy Rate (units) measures the share of rental units that are unleased, adjusted to exclude units blocked from leasing (e.g., due to renovation, planned refurbishment, or other restrictions). This provides a more accurate view of actual vacancy levels.

Vacancy Duration measures how long a unit remains unleased from the time a lease agreement ends until a new agreement commences. The metric is calculated for individual units but can also be aggregated at the property or portfolio level to analyze leasing efficiency. Vacancy Duration is typically expressed in days.

Net Vacancy Rate (m²) measures the proportion of leasable area that is unoccupied, adjusted to exclude areas blocked from leasing (e.g., due to refurbishment, planned renovations, or other restrictions). This provides a more accurate representation of true vacancy, since blocked space is not available for leasing.

This metric tracks how long a unit has remained off the market because of an active block, such as renovation, refurbishment, or other restrictions preventing leasing. It counts day by day from the block start date up to the current date, for as long as the block remains active.