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Lease-up pacing

A schedule built on net absorption has already failed. You have to re-lease what you lose on the way.

The physical occupancy you have committed to.

Expected, on average. This is the number people forget.

Your actual observed pace.

Gross leases needed per month

 

Your current pace

 

Verdict

 

OCCUPANCY OVER TIME  ·  REQUIRED PATH AGAINST YOUR ACTUAL PACE
THE PLANE IS THE TARGET

How it works

Net absorption needed is target units − occupied today. That is the number most schedules are built on, and on its own it is wrong.

Gross leases needed is (net absorption + move-outs over the period) ÷ months. Every month you also have to re-lease the units you lose, so the required signing pace is always higher than the absorption curve suggests.

Current pace converts at leases per week × 4.333.

The trap is treating absorption and leasing as the same number. On a nine month lease-up with three move-outs a month, twenty-seven of the leases you sign do not move occupancy at all.

It computes in your browser. Nothing is uploaded and there is no account. Built by Justin Zakariaie. The other tools