Occupancy Report Legend

Occupancy is reported according to three different metrics.

  1. By Unit Occupancy
  2. By Square Footage Occupancy
  3. 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 by 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 would fall 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 facility for that grouping

Occupied

Number of units which 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

 

 Note: in Corporate Settings you can dictate if dirty or damaged units would count as unrentable.

Square Foot Occupancy

Total Area

Total Square Footage of all units for the group

Occupied

Square Footage of units which are occupied and not complimentary

% Occupied

Occupied Square Feet/ Total Square Feet as a percent

Vacant

Square Footage of units which 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 - Potential Standard Rent

P OCC Variance

Potential Rent - 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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