Friday, May 1, 2020

Weekly New Apartment Lease Signings Match 2019 Levels, While Rents Decline via RealPage

We continue to monitor daily leasing activity for the U.S. apartment market, and the most recent numbers were a shocker: Last week, executed new lease volumes came in nearly on par with the 2019 totals for the same period, based on analysis of RealPage’s rent roll data.

The results marked a continued upward trend in traffic and leasing activity since bottoming in late March, when total lease new signings were down nearly 50% year-over-year. As of April 26, total new lease signings over the trailing seven days were down only 1.6%.

Read more...Weekly New Apartment Lease Signings Match 2019 Levels, While Rents Decline via RealPage

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