Young Professionals Have Returned to Cities, Impacting Rents
Pro Builder
AUGUST 4, 2021
The FTSE Nareit Equity Apartments index, which tracks publicly traded apartment companies, increased 42% since January 2021. Rents in major metros such as New York City and San Francisco saw double-digit rent decreases. Atlanta home prices have risen more than 25% in the past year, pushing more people to rent for longer periods.
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