The Occupancy Report helps you track the occupancy metrics of your facility and its unit groups according to three different metrics.
- By Unit Occupancy
- By Square Footage Occupancy
- By Economic Occupancy
Each section first reports the numbers according to the total facility view, then by unit types (Self Storage, Parking, Mailboxes, etc.). Finally, each type is subdivided into unit groups according to their size and their standard rate.
For the Unit Occupancy and Square Foot Occupancy, each category is exclusive, meaning a unit will only be counted towards one category. To ensure consistency with the rest of FMS, we have the following priority list:
- Complimentary
- Occupied
- Reserved
- Unrentable
- Vacant
If a unit falls into two or more of these categories, they are treated as the top-most category (e.g. if they are complimentary+occupied, they are complimentary; if they are occupied+unrentable, they are occupied; if they are unrentable+vacant, they are unrentable). Some combinations don't make sense (e.g. occupied+vacant), but any combination that does make sense should be handled with this logic.
Unit Occupancy
|
Total Units |
Total number of units in the facility for that grouping |
|
Occupied |
Number of units that are occupied and not complimentary |
|
% Occupied |
Occupied Units / Total Units as a percent |
|
Vacant |
Number of units which are vacant and not unrentable or reserved |
|
% Vacant |
Vacant Units / Total Units as a percent |
|
Reserved |
Number of units with pending reservations |
|
% Reserved |
Reserved Units / Total Units as a percent |
|
Complimentary |
Number of occupied units where the rent rate is $0 |
|
% Complimentary |
Complimentary Units / Total Units as a percent |
|
Unrentable |
Number of Units marked as unrentable and not occupied. |
|
% Unrentable |
Unrentable / Total Units as a percent |
Square Foot Occupancy
|
Total Area |
Total Square Footage of all units for the group |
|
Occupied |
Square Footage of units that are occupied and not complimentary |
|
% Occupied |
Occupied Square Feet/ Total Square Feet as a percent |
|
Vacant |
Square Footage of units that are vacant and not unrentable or reserved |
|
%Vacant |
Vacant Square Feet / Total Square Feet as a percent |
|
Reserved |
Square Footage of units with pending reservations |
|
% Reserved |
Reserved Square Feet / Total Square Feet as a percent |
|
Complimentary |
Square Footage of occupied units where the rent rate is $0 |
|
% Complimentary |
Complimentary Square Feet / Total Square Feet as a percent |
|
Unrentable |
Square Footage of units marked as unrentable and not occupied. Note, in Corporate Settings you can dictate if dirty or damaged units would count as Unrentable. |
|
% Unrentable |
Unrentable / Total Units as a percent |
Economic Occupancy
|
Std Rate / SQ FT (AVG) |
The Standard Rate for that group per one square foot |
|
P Std Revenue |
The potential rent if all occupied and complimentary units were being charged the Standard Rate |
|
P Std Gross |
The potential rent if all units were being charged the Standard Rate |
|
Avg Rate |
The actual average amount that occupied and complimentary units are being charged |
|
Avg Rate SQ FT |
The average rate per square foot for that group |
|
Rent |
The rent for the occupied and complimentary units combined |
|
P Gross Revenue |
The potential gross rent if all units were being charged at the Average Rate. |
|
OCC Variance |
Rent (minus) Potential Standard Rent |
|
P OCC Variance |
Potential Rent (minus) Potential Standard Rent |
Legend
|
STD= Standard, or based on the Standard Rate. P= Potential, either based on maximizing occupancy to 100% or maximizing rental rates to the standard rate. |
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