Occupancy 

Last updated: June 16, 2026

This Attribute Glossary article provides definitions of attributes tied to a property's occupancy.

Attribute 

Definition 

General Occupancy 

Defines the type of use and who occupies or operates out of a property. The purpose of the building and its occupants both impact the risk assessment. 

Specific Occupancy 

The exact occupancy classification of a building based on its intended purpose and occupants, dictating code requirements, safety features, and emergency protocols. 

Occupancy Description 

A tool for expanding the details of the property's occupancy. 

Primary Tenant Type 

Indicates the primary occupancy in a multi-tenant building. 

ATC Occupancy Code 

Used by insurers to assess risk based on the purpose of a building and its occupants, including layout of walls, windows, doors, and equipment. 

NAICS Occupancy Code 

A standardized 2- to 6-digit number used by federal agencies to classify a business by its primary economic activity. 

SIC Occupancy Code 

A four-digit numerical standard established by the US government to classify the primary industry in which a business operates. 

Number of Beds 

The total count or number of beds present at a property, such as a hotel or hospital. 

Number of Units 

The number of units at the property (e.g., self-storage spaces or apartments). 

Floor of Interest 

The floor being enriched or of interest when the full building is not covered. 

Multi-Tenant 

An indication that multiple tenants with more than one lease occupy the building. 

Vacant Land 

The total area of vacant land associated with the property, measured in acres.