Rental Loss

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.

Ongoing Rental Loss after Lease Expiry/Block Expiry shows the accumulated rental income loss from the date a lease ended or a leasing block expired until today, for units that remain vacant. The calculation is made day by day based on potential vacancy rent.

The key figure is an important metric that shows how many of your rental properties are currently not rented and are therefore empty on the current day. This key figure gives you insights into how well your properties or spaces are used and can be useful for landlords, managers and management alike. A high value of this ratio can indicate that a number of your rental properties are not rented, which can negatively affect your revenue stream and profitability. It can be a warning sign that requires measures to increase the occupancy rate, such as marketing, price adjustments or maintenance improvements to make the properties more attractive to tenants. On the other hand, if the value of the ratio is low, it indicates that a large number of your rental properties are leased and your inventory is being fully utilized, which is positive for your revenue stream and business performance. It can still be valuable to monitor regularly to ensure that you continue to maximize the lettings of your properties and minimize vacancies. In summary, the key figure gives you insights into how well your properties are rented out and about the necessary measures to optimize the rental rate and the income stream. It is a useful metric for effectively managing real estate portfolios and business operations. In Homepal, vacancy is defined as non-rented. Thus, rental objects that are empty, blocked or similar are also included in this value.

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.

Days to Net Vacancy shows the time interval between today and the date when a unit is expected to become truly available for leasing. The metric excludes blocked space (e.g., under renovation or refurbishment), ensuring the focus is only on leasable areas.

Vacancy Rate (Economic) measures the proportion of potential rental income represented by vacant units over a given period. Unlike vacancy metrics based on area or number of units, this metric captures the financial impact of vacancies, using each unit’s vacancy rent.