What is the leased percentage for a 412-unit property with 387 units occupied?

To find the leased percentage of a property, you calculate it by taking the number of occupied units and dividing it by the total number of units, then multiplying the result by 100 to get a percentage.

In this scenario, you have 387 occupied units out of a total of 412 units.

The formula is as follows:

Leased Percentage = (Occupied Units / Total Units) × 100

So, Leased Percentage = (387 / 412) × 100

Calculating that gives:

Leased Percentage = (0.9397) × 100 = 93.97%

When rounding to one decimal place, this results in 94.0%. The closest option to this value among those provided is 94.9%.

Thus, the answer reflects the accurate calculation of the leased percentage based on the number of occupied units relative to the total units, confirming why it fits as the correct choice based on the arithmetic performed.