If tenants stay in a property for an average of 2 years, a 5% vacancy rate means the gap between tenants is 4-5 weeks. This is normal in many cities (source: h

If tenants stay in a property for an average of 2 years, a 5% vacancy rate means the gap between tenants is 4-5 weeks. This is normal in many cities (source: have personally been on both sides of this many times), because it takes time to negotiate terms with a new tenant, perform minor repairs, and have them move in.