What is vacancy percentage rate in SAP RE - Real Estate Management?

SAP Term: vacancy percentage rate

• Component: RE

• Component Name: Real Estate Management

• Description: Percentage share of costs of a vacant rental unit that has to be borne by the owner. If the percentage rate less than 100, the difference is apportioned to the tenant as costs.

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• Key Concepts: 
  Vacancy percentage rate is a metric used in SAP Real Estate Management (RE-FX) to measure the amount of unoccupied space in a property. It is calculated by dividing the total area of vacant space by the total area of the property. This metric is used to assess the efficiency of a property and can be used to identify areas for improvement. 
  
  How to use it: 
  In SAP RE-FX, vacancy percentage rate is calculated automatically based on the data entered into the system. To calculate the vacancy percentage rate, users must enter the total area of vacant space and the total area of the property into the system. The system will then calculate the vacancy percentage rate and display it on the dashboard. 
  
  Tips & Tricks: 
  It is important to ensure that all data entered into SAP RE-FX is accurate in order to get an accurate vacancy percentage rate. Additionally, users should regularly review their vacancy percentage rate to identify areas for improvement and ensure that their property is being managed efficiently. 
  
  Related Information: 
  The vacancy percentage rate can be used in conjunction with other metrics such as occupancy rate and rental income to gain a better understanding of a property’s performance. Additionally, it can be used to compare different properties and identify areas for improvement.