The Days of Discounted Pandemic Rents Are Over via GlobeSt

The pandemic hit at the worst time possible for apartment owners. As spring leasing season was picking up in 2020, the word went into lockdown.

Apartment List’s national index hovered around 4% below its projected level for the remainder of the year when that happened.

But things turned quicker than expected. After a strong 2021 performance, that gap has been eliminated. In May 2021, the national median rent price hit $1,189, just above the projected price of $1,185.

Read more...The Days of Discounted Pandemic Rents Are Over via GlobeSt