# Economic occupancy

A term used when buying self-storage facility.

The share of possible rent actually collected, not the share of units filled.

A facility can show ninety-two percent of its units full and collect far less than that suggests, because specials, delinquency, and discounted tenured rates all sit in the gap. Underwrite what is collected, not what is occupied, and ask for a rent roll instead of a percentage. The gap is also the upside: a facility full of promotional rates has room to move, and one already at street rate does not.

Part of: Buying a Self-Storage Facility (https://searchspheresource.com/guides/buying-a-self-storage-facility)

Source: https://searchspheresource.com/guides/buying-a-self-storage-facility/terms/economic-occupancy
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt