How is "Vacancy Rate" calculated in Argus Enterprise?

The calculation of "Vacancy Rate" in Argus Enterprise involves determining the percentage of unused rental space compared to the total available space in a property. This metric is essential for understanding the performance of a real estate asset, as it indicates how much of the property is not currently rented out.

To derive the vacancy rate, you would typically take the total square footage of space that is not leased and divide it by the total square footage available for lease, then multiply by 100 to get a percentage. This calculation helps stakeholders assess the property's leasing efficiency and identify trends that may affect revenue and investment decisions.

In the context of the other options, the number of tenants occupying the property would provide a snapshot of occupancy but does not directly inform about the space ratio. Total income generated from tenants relates more to revenue aspects rather than the physical space occupied. Finally, overall market demand for rental properties pertains to broader market conditions and pricing strategies, not specifically the measurement of vacancy in a particular property.