The occupancy level is important to get right when applying for ENERGY STAR Certification for these three property types, which have a minimum occupancy requirement:
- Office/Bank/Courthouse/Financial Center: <50%
- Hotel: <55%
- Multifamily: <75%
If you have one of these property types and the occupancy level fluctuates, calculate the average occupancy over a period of time (if you are applying for certification, the occupancy needs to be based on the year in your application). For example, if the property was 50% occupied for the first half of the year, then 100% occupied for the second half of the year, the occupancy level would be 75% for the year.
If you are not seeking certification for one of these property types, don’t overthink it (though it is required, so enter a good guess and move on). Your occupancy rate does not affect your score or any of your metrics.