Leasing
Days to lease
The number of days between a unit becoming available for rent and a new lease being signed for it.
Days to lease is measured from the date the unit is listed or ready to show until the lease is signed. It isolates marketing and leasing performance, while days vacant also includes turn time and the gap before move-in.
A rising average suggests the price is too high, the listing is weak, or leads are not being followed up quickly enough.
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