Definition of "occupancy" []

• The act of occupying or the condition of being occupied. (noun)
• The state of being an occupant or tenant. (noun)
• The period during which one owns, rents, or uses certain premises or land. (noun)
• The use to which something occupied is put: a building for commercial occupancy. (noun)
• Law The act of taking possession of previously unowned property with the intent of obtaining the right to own it. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "There are 7 total rooms fully furnished for move-in occupancy, plus 2 full baths (no tubs) with walk-in showers, and 2 terraces."
• "The occupancy is starting to build a bit, but rates are somewhat flat."
• "U.S. shopping malls have arrested their declines in occupancy and lease rates and begun a slow recovery, but retail landlords caution that a stronger rebound will depend on job gains and renewed consumer confidence."