In our 2nd segment of our interview with CoStar Group we discuss the sudden fall in asking rental rates, why landlords are starting to offer concessions (i.e. free rent) for the first time since 2010, and where tenants are migrating since the pandemic. Should one of your units become vacant in the coming days, strategy is key to obtaining the most aggressive rent possible, while at the same time being cautious not to give the unit away as you will have to tackle rent control restrictions going forward. WATCH NOW!
(If you missed the 1st installment of our interview click here.)
CoStar is the leading authority when it comes to Multi-Family market analytics in the nation as they track 5,100,000 data points, and 6,000,000 properties on a daily basis. In other words, there is no better source of tracking the market if you own apartments!