Physical Occupancy

Physical occupancy measures whether a home is currently sitting on a lot — it is a count of inhabited lots divided by total lots, expressed as a percentage. It does not consider whether the resident is paying rent on time; a delinquent resident still counts toward physical occupancy because the lot is physically occupied. Physical occupancy is the metric most relevant to capital projects (infill, common-area planning) because it tells the operator how much vacant inventory is available to fill. Strong-performing parks operate at 95 percent or higher physical occupancy.