06/30/2020 | Press release | Distributed by Public on 06/30/2020 08:46
But big cities like New York, Boston, LA and San Jose see double-digit drops in executed rent amounts
Now, in the week ending June 20, executed rents - a real-time indicator that includes concessions and lease term lengths - for new leases rose 0.08% year over year, according to RealPage.
Although this number is small, it's a sign of apartment demand rebounding after the last three months of rent declines. In the week ending June 20, total new lease volumes soared by 18.6% year over year.
Read more at: HousingWire