Young Professionals Have Returned to Cities, Impacting Rents
Pro Builder
AUGUST 4, 2021
Rents increased more than 10% over the course of the year, says Realtor.com, a dramatic change from the beginning of the pandemic when job losses rendered renters unable to pay, and occupancy rates dropped to new lows. Rents in major metros such as New York City and San Francisco saw double-digit rent decreases.
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