There is a Severe Shortage of Rental Housing at Every Price Point Now via GlobeSt

Apartment vacancies hit another historic low in September, declining to 2.7% for a fourth consecutive month of record-breaking lows.

New lease demand in the year ending in September 2021 also increased by 50.5%, with apartment resident retention surging to 58.%, an all-time high, according to data from RealPage.

Lease renewals surged last month, keeping vacancy rates low.

Read more...There is a Severe Shortage of Rental Housing at Every Price Point Now via GlobeSt