The multifamily sector has experienced the effects of an increase in pent-up demand this past year, resulting in higher-than-average asking rents as well as concessions, depending on the type of apartment and its location.
Class A concessions peaked in March at 9.9% and have been falling since, but they remain elevated at 9.2% as of October due to competing new supply entering many local submarkets.
Read more...Sticker Shock Coming for Renters Receiving Concessions via GlobeSt
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.