Storage operators commonly measure their business success with both physical and economic occupancy rates. As a facility owner, you also wonder, how much space is used economically and what is the revenue from each sqft/sqm/sqcm in your facility. We,6storage, implemented the Occupancy by Area report that  allows you to look at how your facility's space is being used. Each unit is assigned to a group based on its status. 

 

The occupancy rate is the ratio of rented or used space to the total available space.

Occupancy is reported according to four different metrics.

By Unit Occupancy

By sqft/sqm/sqcm Occupancy

By Economic Occupancy

By Physical Occupancy



Select the storage category, Dimension, Location, Building, and Unit type for which you want to see the Occupancy status.

After the selection, click on the " Get Report" button, then the report will be displayed

If you want to export/ download the report then click on the export button and select any of the following options PDfF, XSLX and XSL. 


In the Unit summary, you can see the storage status of all storage and its percentage, Area of each storage and percentage.

For the Storage Occupancy, each storage status is exclusive, meaning storage will only be counted towards one storage status. we have the following statuses for storage

1. Occupied

2. Reserved

3.. Maintenance

4. Repaired

5. Facility Use

6. Vacant

On the average rent summary, you can find the square foot price, current and total possible rent.


Unit Summary

% Rental                     Number of Rented Units/ Total number of Units*100

% Reserved                Number of Reserved Units/ Total number  Units*100

% Maintenance    Number of maintenance Units/ Total Units*100

% Repaired                Number of repaired Units/ Total Units*100

% facility Use                Number of facility Units/ Total Units*100

% Vacancy                Number of Vacancy Units/ Total Units*100


Sqm PotentialThe total price of all units( Unit price as standard rental price)

Sqm Actual- Total price of all occupied units( Unit price as rental price)

Average Rent/ Sqm PotentialSum of Total rental amount(Total Price)/ Sum of total area

Average Rent/ Sqm Actual- Sum of total rental amount all occupied units/ Sum of the total area of all occupied storage area.

Average Unit sqm- All Units- Sum of all units area (sqm)/ Total number of units

Average Unit sqm-Rented Units- Total sum of all rented Units area (sqm) / Total number  rented units

Current Possible rent- Average rent per sqm( Sqm Potential)* total occupied area in sqm

Future Possible Rent-Average rent per sqm(Sqm Potential)* total vacant storage area in sqm

%CurrentPossible Rent/Future Possible Rent-(Current possible rent/ Future Possible rent)*100

Report Columns Explanation

Unit Size-Unit size will be displayed based on the unit type settings on 6storage

    

Storage Count-How many storage units are uploaded from data upload should be displayed in the report

Total AreaArea of a unit x Total storage count

Price per storage-    Unit price should be displayed here

Total pricePrice per storage x Total Storage Count

occupied Storage-    The Number of units occupied by the tenants should be displayed here

Occupied Storage Area-    Number of units occupied X Area of a Unit

Total Price-    Number of units occupied x Price per storage unit

Reserved Units-    The Number of units reserved by customers should be displayed here

Reserved Storage area-    Number of units reserved x Area of a unit

Reservation Price-            Number of units reserved x Price of a storage unit

Maintenance storage count-    The number of units in Maintenance should be displayed here

Maintenance storage area-  Number of units in Maintenance x Unit size of a storage

Repaired storage count-    The number of units repaired should be displayed here

Repaired storage area-    Number of units in repaired x unit size of a unit

Facility Use Count-    The number of units in a facility should be displayed here

Facility Use storage area    Number of units in facility use x area of a unit

vacancy storage count    The number of units which are vacant should be displayed here

Vacancy storage area    Number of vacancy units X area of a unit

Physical Occupancy- Number of units occupied/ Total number of Units)*100

Economic Occupancy-Total price of occupied units/ Total price of all units)*100