What’s Driving Record Growth in the Rental Market?
Pro Builder
JUNE 1, 2022
Changing household preferences and a lack of housing affordability post-pandemic caused apartment demand to double at the start of 2022. A record 700,000 apartments were leased last year, more than double the five-year average, while leases in Q1 2022 were double the number reported in Q1 2021, according to John Burns Real Estate Consulting.
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