Decentraland, a leading metaverse platform, has 90,601 LAND parcels, with 43,689 privately owned. As of recent data, approximately 60% of these parcels remain undeveloped, indicating a high vacancy rate. This is largely due to speculative investments, with many holders retaining LAND without building content. The platform’s marketplace shows that undeveloped parcels are often listed for resale, contributing to the vacancy trend. Despite this, active development is concentrated in popular districts like Vegas City, where engaging content drives user traffic. The high vacancy rate highlights a gap between ownership and utilization, with creators facing barriers like development costs. Future growth may depend on incentivizing development to reduce empty parcels and enhance the metaverse experience.