The U.S. had a robust 93.3% occupancy rate as of the start of July, the same as the previous year. While Brooklyn, New York, remained one of the most competitive rental markets, even Miami, after a period of cooling off, had heated up, attracting millennials and Gen Zers with job opportunities and the absence of state taxes.
On the West Coast, the Los Angeles wildfires earlier this year led to increased demand, with 18 renters competing for every unit, up from 14 last year, according to RentCafe.
Post Comment