occupancy

noun

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oc·cu·pan·cy | \ ˈä-kyə-pən(t)-sē

plural occupancies

Definition of occupancy

1 : the fact or condition of holding, possessing, or residing in or on something occupancy of the estate

2 : the act or fact of taking or having possession (as of unowned land) to acquire ownership

3 : the fact or condition of being occupied occupancy by more than 400 persons is unlawful

4 : the use to which a property is put industrial occupancy

5 : a building or part of a building intended to be occupied (as by a tenant)

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Examples of occupancy in a Sentence

The sign above the auditorium door says, “Maximum occupancy: 500 persons.” the landlord notified us of the need to cease occupancy in three months, when our apartment building would be sold

Recent Examples on the Web Huntsville ranked high on the list because of a high occupancy rate - 97 percent of apartments were occupied during the first quarter of this year, which tied for fourth among top markets. — Ramsey Archibald | Rarchibald@al.com, al, "Huntsville ranked as one of the hottest rental markets in America," 30 Apr. 2021 Since January, the hotel occupancy rate has ticked up six percentage points, to about 35%, according to hospitality data company STR. — Fortune, "NYC moves to ‘Fully Reopen’ July 1 as COVID eases and tourism shows signs of recovery," 29 Apr. 2021 By comparison, the New York market had an occupancy rate of 86.3% for the year of 2019. — USA Today, "Tourists are coming back to New York City as pandemic restrictions ease and 'feel the city reawakening'," 26 Apr. 2021 Occupancy has been around 20% since the start of April, the Patels said, well off the 69% occupancy rate in April 2019. — Esther Fung, WSJ, "This New York Hotel Quarantined the Sick. Now the Owners Regret It.," 20 Apr. 2021 Bogota declared a red alert on Wednesday, after the city’s ICU occupancy rate reached 77%. — Jessie Yeung, CNN, "The latest on the coronavirus pandemic and vaccines," 16 Apr. 2021 The new state guidance technically allows such sections to reach an occupancy rate of 100 percent, and the executive said that the team is exploring denser arrangements for the future. — San Diego Union-Tribune, "Big demand arrives on first day of wide-open vaccine access in San Diego," 15 Apr. 2021 Charging market-rate rents at the city’s occupancy rate would bring in annual gross revenues of $3.4 million. — Mike Gousha And John Johnson, Milwaukee Journal Sentinel, "Growing 'land grab' by out-of-state investment landlords raises questions for Milwaukee homeowners and neighborhoods," 15 Apr. 2021 Ken Fisher, co-managing partner of the New York property development company Fisher Brothers, said the company’s 7 million square feet of office space had an 8 to 10 percent occupancy rate through the pandemic while people stayed home. — NBC News, "Office landlords don't take return to work for granted," 14 Apr. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'occupancy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.