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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