It’s September, and that means the apartment sector’s big-time clustering of industry events that occur seasonally in the fall has now begun. Some of MPF Research’s analysts participated in the InterFace Multifamily Texas conference last week and were struck by a fairly odd discussion that suggested rent concessions are beginning to creep into the picture for top-tier apartments. Here’s our take on the topic:
MPF Research’s info shows that use of concessions in the market overall continues to dwindle. Across the 7+ million units that are tracked on a routine basis, the share of product featuring any rent discounts came in at just 8.9% as of Q2. That’s down from figures that had been running at 10% to 12% over the previous year or so.
Read more...No, There Aren’t Really Any Rent Concessions in the Apartment Market Right Now | Property Management Insider
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