RevPAF
RevPAF is shorthand for “revenue per available foot.” This metric was recently popularized by Green Street Advisors, who typically cite M-RevPAF (market revenue per available foot) as a primary metric of real estate market health. RevPAF combines average market rents and occupancy rates into a single composite metric, which can be a useful way to assess how a given market is trending.
RevPAF can also be looked at holistically across markets, or aggregated to the sector level.
RevPAF growth, 2018-2022
Source: Green Street Advisors
EquityMultiple looks at RevPAF and M-RevPAF as a key input to project-level due diligence on potential investments.
