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