When leases expire, some renters are more likely to renew than others. Interestingly, there are geographic trends to this phenomenon.
Considering the nation’s 50 largest multifamily markets, this top 10 list places San Antonio at #1 for renter mobility. In 2016, the Texas metro saw nearly 56% of residents move when leases expired. Meanwhile, the Northeast and Midwest demonstrated impressive retention strength for the same period. In Hartford, Connecticut, two in three renters chose to renew.
Read more...New from MPF Research: Apartment Market Trends By Metro
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