what does occupancy rate mean
DEFINITION of 'Occupancy Rate'. In real estate, the number of units in a building that have been rented out as compared to the total number of units in the building.An apartment building containing 20 units, 18 of which had renters, would have a 90% occupancy rate.n real estate, the number of units in a building that have been rented out as compared to the total number of units in the building. An apartment building containing 20 units, 18 of which had renters, would have a 90% occupancy rate.