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Renewal Rate
The percentage of leases due to expire that are renewed within a stated reporting cohort.
Renewal rate measures how many expiring leases are renewed. Divide renewed leases by expiring leases in the same reporting cohort, then multiply by 100.
It measures lease retention, not the percentage change in renewal rent. Use consistent expiration dates and renewal-status rules when comparing periods.
Frequently Asked Questions
Is renewal rate the same as renewal rent growth?
No. Renewal rate counts renewed leases; renewal rent growth measures the change in rent.
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