Days on Market
The number of days a rental listing has been marketed, using the report's stated start, end, and counting rules.
Days on market measures how long a rental listing has been marketed. Read it alongside inquiries, showings, and applications to understand listing activity rather than treating elapsed days alone as proof of a pricing or marketing problem.
State the start date, end date or current reporting date, and treatment of time off market. Keep this listing measure separate from turn time, which measures the move-out-to-ready process; marketing and make-ready work can overlap.
Source: Tenant Turner, Rental Activity and Days on Market Reports.
Frequently Asked Questions
Is days on market the same as turn time?
No. Days on market concerns a listing's marketing period. Turn time concerns preparing a unit between move-out and move-in-ready condition.
More in Leasing
See all Leasing terms →Assignment of Lease
The complete legal transfer of an existing tenant's entire leasehold rights, obligations, and physical occupancy to a new incoming tenant.
Read definition →Base Rent
The fixed minimum monthly rent agreed upon in a lease agreement, excluding utilities, janitorial, or shared operating expense pass-throughs.
Read definition →Co-Tenancy Clause
A commercial lease clause granting rent reductions or termination rights if anchor tenants vacate or center occupancy falls below agreed levels.
Read definition →Concession
A rental concession is an allowance, such as a free-rent period or move-in credit, that reduces rental income.
Read definition →Continuous Operation Covenant
A commercial lease requirement obligating a retail tenant to keep its store open, fully stocked, and staffed during designated business hours.
Read definition →