2026 South Carolina Property Management Practice Test – Complete Exam Prep

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards

From $12.50Unlock all

Session length

1 / 20

The number of square feet of office space that has historically been leased per year is called the?

Occupancy rate

Absorption rate

Absorption measures how much office space is leased over a period, typically annually, and is reported in square feet. It shows market demand by indicating the net amount of space that becomes occupied in that year. This is different from occupancy rate, which is a snapshot of the percentage of space currently occupied at a single point in time, and from vacancy rate, which is the percentage of space that is unoccupied. Rentable area is just the total leasable space, not a rate. So the figure described as the amount of space leased per year is the absorption rate.

Vacancy rate

Rentable area