Steep rents.Steep Rents: Escalating housing prices and tight supplies are driving up apartment rents and occupancy rates Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) , with the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. having one of the tightest markets in L.A. County. Rents across the L.A./Long Beach area at the end of the year are expected to be 5 percent higher than at the end of 2004, with the occupancy rate creeping creeping 1. gradual progression of a lesion or tissue growth. 2. prostrate growth pattern of a plant, e.g. c. buttercup (Ranunculus repens), c. caustic (Euphorbia drummondii), c. charlie (Glechoma hederacea), c. up three-tenths of a percent, to 96.8 percent, said Marcus & Millichap Real Estate Investment Brokerage Co. |
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