Apartment Demand, Rent Growth Reach New Highs

The apartment market reached record highs for demand, occupancy and rent growth in the first quarter–toppling previous multi-decade peaks set last year, reported RealPage, Richardson, Texas.

Rent Payment Percentages Vary by Class, Market

Apartment rent payments have held up reasonably well during the global COVID-19 pandemic, but a report says different markets and different classes report very different results.

Apartment Rents Up 13% Year Over Year

Apartment rents increased nearly 13 percent nationwide over the past year–the highest rate in at least two years–but growth slowed slightly in October, reports from Redfin and RealPage said.

Apartment Demand Soars

Demand for apartments continues to soar. RealPage, Richardson, Texas, reported the nation’s occupied apartment count jumped by more than a quarter-million units during the third quarter.

Apartment Rents Jump at Fastest Rate in 2 Years

Apartment effective asking rents climbed 0.6 percent in February, the fastest single-month pace seen since the middle of 2019, reported RealPage, Richardson, Texas.

Apartment Leasing Rebounds in Third Quarter

Apartment leasing proved strong in the third quarter, bouncing back from the limited demand seen earlier this year, reported RealPage, Richardson, Texas.