The Rent & Occupancy chart appears on the Revenue Analysis page within Historicals. This chart compares Physical Occupancy to Net Rental Income. It uses exclusively monthly data from Historicals. This chart is intended to highlight the relationship between changes in Rent and Physical Occupancy.
Physical Occupancy is defined as 1 + (Vacancy / Potential Market Rent). Net Rental Income is defined as Potential Market Rent + Loss to Lease + Vacancy + Concessions + Non-Revenue Units.
$ per occ. unit is defined as total Net Rental Income / (total Units * Physical Occupancy). The intent of this metric is to more closely estimate Net Rental Income for each unit being leased by adjusting for fluctuations in occupancy. $ per unit is defined as total Net Rental Income / total Units.