Percent unoccupied is a bit misleading because it’s point in time. If the average tenant stays for 2 years and it takes 2 months on average to replace the tenan

Percent unoccupied is a bit misleading because it’s point in time. If the average tenant stays for 2 years and it takes 2 months on average to replace the tenant (given repairs, maintenance and marketing) that’s 8.3% unoccupied at any given time (2/24)