U.S. Rent Concessions Near 20-Year Lows, But Still Extensive in Some Markets via RealPage

Nationwide, the percentage of units offering rental concessions is at some of its lowest levels in nearly two decades. Still, some markets – mostly the country’s big construction centers – are offering concessions at notably higher rates.

After peaking at 65.8% in 4th quarter 2009, the percentage of stabilized apartments in the U.S. offering concessions has been on a steady downward trajectory. As of 2nd quarter 2019, concessions were available in only 14.1% of apartments, one of the lowest rates the market has seen since mid-2002.

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