I would consider short term less than 60 days. Keep in mind that bridge decks are exposed for years without significant rebar deterioration...but then, who cares if a bridge leaks!
Concrete is permeable to water because it has interstitial voids and capillarity that will allow moisture/water to migrate into and through concrete. Concrete will hold water without leaking until saturation occurs, then gravity will cause leaks. Leaks can occur before this from condensation collection from the higher moisture content of the concrete.
As hokie66 noted, when there are cracks in the concrete, leaks occur directly and quickly.