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🌆 Atlanta Leads the Way: The latest "Rental Activity Report" reveals Atlanta as the top market to watch in 2024. With the highest rental activity on RentCafe.com over the past year, it's the city every renter should have on their radar. 🌍 Midwest: The Region of Choice: Dominating with 12 cities in the top 30, the Midwest emerges as the most popular region. Cities like Kansas City, MO, and Cincinnati are hotspots for increased rental activity. 💡 Why This Matters: In a challenging housing market, with high home prices and rising interest rates, many are opting to continue renting. This report gives invaluable insights into which cities are seeing the most rental activity and attracting apartment hunters. 🔍 Deep Dive: From Atlanta's Midtown allure to the affordable living in Kansas City, and Cincinnati's transformed riverfront, these cities offer diverse attractions for renters. Also, with Arlington, VA, and Orlando, FL, making the top five, there's a mix of urban and sunny destinations to consider. 📊 Full Analysis: For a comprehensive look at the top cities for renters, including the rising stars like Minneapolis and Denver, and insights into regional trends, read the full article https://lnkd.in/gMHcPjB9

The latest trends in apartment-hunting reflect a shift in the top cities favored by renters across the United States! 🌎 While Minneapolis and Overland Park, KS, maintain their lead, other regions are gaining prominence in the top rankings. - Southern Representation: Atlanta rises to third place, showcasing the South's appeal to renters. Little Rock, AR, also makes an impressive entry into the top five. - Expanding Diversity: Cities like Tacoma, WA (#6), Montgomery, AL (#7), Washington, D.C. (#8), Orlando, FL (#9), and Detroit, MI (#10) are capturing significant renter interest beyond the traditional top spots. From urban conveniences to suburban charm, each location presents distinct advantages for renters seeking their ideal living environment. Stay informed about evolving rental market trends and reach out to explore exciting investment opportunities in these top-ranked cities! 🏙️🏠 #RentalMarketTrends #TopCitiesForRenters #RealEstateInsights

🌟 Rental Activity: March 2024 Edition! Apartment-hunters are making their moves, and the trends are clear! Minneapolis continues its reign as the top pick for renters for the fourth consecutive month, maintaining a strong lead in engagement with listings. Overland Park, KS, rises to second place, surpassing Atlanta, while renters show a growing affinity for West Coast cities in their apartment-hunting endeavors. Montgomery, AL, makes a remarkable debut, soaring 134 positions to break into the top 10 most sought-after cities, indicating shifting preferences among renters. As we embrace spring, renters are actively seeking new options tailored to their needs. Which cities are captivating apartment-hunters' attention? 📍Top 5 Cities for Rental Activity in March: 1️⃣ Minneapolis 2️⃣ Overland Park, KS 3️⃣ Atlanta 4️⃣ Queens, NY 5️⃣ Little Rock, AR 🔗 To want to keep reading and learn about regional insights, read the March report here! https://lnkd.in/dCNV-gph #Renting #ApartmentHunting #RentalTrends #HousingMarket REACH by RentCafe

🏙️ Chicago and Silicon Valley Challenge Miami as Hottest Rental Markets As the summer moving season begins, the U.S. rental market is seeing some intriguing shifts. Miami continues to reign as the most competitive rental market, solidifying Florida's appeal among apartment hunters. However, new contenders are emerging, shaking up the landscape. Suburban Chicago has made a remarkable leap to become the second-most competitive rental market, fueled by the "hipsturbia" trend. These suburbs offer the perfect blend of urban amenities and suburban affordability, attracting Millennials and Gen Zers seeking vibrant, walkable communities. Silicon Valley, revitalized by a booming tech sector and significant investments in AI, has skyrocketed to the sixth hottest rental spot in the country. This resurgence is drawing more professionals to the area, intensifying the competition for rental properties. In the Northeast, the small markets are dominated by places like Lehigh Valley, PA, which tops the rankings. The region's limited supply of apartments is driving up demand, making it a hotbed for renters. Nationally, the Rental Competitiveness Index (RCI) stands at 73.4 out of 100, indicating a moderately competitive market. Interestingly, 62.4% of U.S. renters are renewing their leases, a slight increase from last year. This trend is partly due to renters securing better deals and incentives for lease renewals. As the moving season heats up, it's clear that finding a rental is becoming increasingly challenging. Whether you're drawn to the sunny allure of Miami, the suburban charm of Chicago, or the tech-driven energy of Silicon Valley, the competition is fierce. Read more about these dynamic rental markets here: https://lnkd.in/g79iz82E

Queens, NY showed up on a Top 10 national list for Renters. #1 Minneapolis: A beacon for apartment hunters, Minneapolis witnessed a staggering 234% surge in apartment views, coupled with a notable dip in availability. This Midwestern jewel is a magnet for renters, evident from the spike in favorites and saved searches. #2 Atlanta: Maintaining its allure, Atlanta continues to captivate renters, especially those hailing from Orlando, New York, and Chicago, marking its fifth consecutive top-three appearance. #3 Queens, NY: Despite a slight drop, Queens remains a hotbed for rental activity, boasting a 317% jump in page views alongside a 22% reduction in apartment availability. https://lnkd.in/e8VuAz88

🏡 Exploring Popular Apartment Markets: A Rental Overview 🌐 As renters seek affordability and new opportunities, smaller cities and the Midwest are gaining traction according to an article posted today on GlobeSt.com looking at data from RentCafe.com. 🌆 Midwest Shines: * Seven Midwestern cities rank among the top 20 rental markets in 2024. * Milwaukee outshines with an impressive Rental Competitiveness Index (RCI) of 87. 💸 Cost-Effectiveness and More: * Midwest, shedding the 'Rust Belt' image, offers affordability and thriving tech and manufacturing sectors. * Cost advantage allows renters to save for homeownership, boosted by remote work options. 📊 Occupancy Challenges: * High demand results in a short turnaround time for rentals in Midwestern cities. * Occupancy rates range from 93.3% (Kansas City) to 95.1% (Milwaukee). 🏙️ Urban Revitalization in Milwaukee: * Milwaukee attracts young professionals through revitalization efforts. * Limited new construction (0.53%) prompts 72.3% lease renewals. 🚀 National Trends: * Central Jersey leads in lease renewals at 79.9%. * Northeast faces surging demand, with North Jersey as the third hottest market (RCI 85.4). ☀️ Miami's Sizzling Market: * Miami dominates with an RCI of 91.9, high occupancy, and quick rentals. * 73.4% lease renewals showcase sustained demand. 🌐 West Coast Dynamics: * Orange County sees a 0.59% increase in new apartments, with 60.1% lease renewals. * Silicon Valley's demand rises due to hybrid work and return-to-office policies. 🎓 College Town Allure: * College towns like Fayetteville, AR, and Lafayette, IN, score high with faculty and students. * Desirable RCIs, quick rentals, and high occupancy rates characterize these markets. 📈 National Overview: * Overall, competition has eased in 61% of large markets and 47% of small markets. * National occupancy rate dips to 93%, but lease renewals increase to 61.5%. https://lnkd.in/gWkXwWiv

Not surprisingly, Atlanta ranked as the top city to watch for apartment living in 2024 based on renters' high online engagement on the RENTCafé website. According to a new report, renters favorited 60% more Atlanta apartments on that website in 2023 compared with 2022. The Atlanta metro also ranked first for saved searches among all 150 cities analyzed. https://lnkd.in/g7pH79-r. #atlantarealestate #multifamilyrealestate #apartmentforrent

Suburban Chicago #1 @16-prospective renters per unit One in 1,000 properties is available! Chicago #5 @14-per unit - one in 200 properties is available The September report from RentCafe suggests that Chicagoans — and Philadelphians, Milwaukeeans and Omahans, among others — face even tougher conditions than NYC. Client Need: Cash Buyer Multifamily $40M+ Built 2010 and newer Stabilized and new construction in lease-up 6.25% cap or better Top Primary & Secondary Markets in prime urban locations "Chicago (fifth in the competitiveness ranking) and its suburbs (first) have surged to the front of the pack, “challenging Miami’s long-held dominance in the U.S. rental market,” according to the study. The Windy City is attracting new renters with a combination of traditional economic springboards, like major employers relocating there, and newer ones, like the transformation of once-sleepy commuter towns into hipsturbias. The demand is intensified by high occupancy rates — only one in 20 apartments is available — and slow construction of new apartments, which account for just one in 1,000 rental properties in the Chicago suburbs and one in 200 in the city itself. This has led, in places, to rent bidding wars. The study gauged competitiveness on RentCafe’s Rental Competitiveness Index (RCI), based on five metrics: occupancy and lease renewal rates, average days vacant, prospective renters per vacant unit, and the share of newly constructed units. The data, taken from market-rate rental buildings with at least 50 units, paints a familiar picture in the most popular places: demand is strong, people who already have a lease are unlikely to give it up, and newly built properties are scarce."

The Midwest’s rising economy has fueled Chicagoland’s surge to the top, tying with Miami for the most competitive rental market during this peak moving season. With the appeal of affordability, thriving industries, and the "hipsturbia" trend, suburban Chicago is attracting more renters than ever. Key takeaways: -Suburban Chicago & Miami both score 91.3 on the Rental Competitiveness Index (RCI) -Louisville is an emerging market, while Queens and Brooklyn are heating up -Midwest and Northeast regions are the most competitive Read the full report for more insights into the shifting U.S. rental landscape! https://lnkd.in/eCiSD25u

Lexington, Louisville rank among top 10 best cities for renters. Buying a home is no longer part of everyone’s American dream as 34% of renters never plan to purchase a home, according to new survey data from Forbes Advisor. With long-term renting becoming more popular, it’s important to find a location to call home that’s renter-friendly. New data shows that two of the top 10 best cities for renters are in Kentucky, namely Lexington (#6) and Louisville (#8). Forbes Advisor analyzed 95 of the most-populous cities across 21 metrics spanning three categories: affordability, availability and amenities, and lifestyle and safety. Lexington ranked seventh best in the percentage of units with onsite parking (69.8%). Louisville has the best walk score of all cities considered, and the third best bike score. Want to buy apartments in KY? Call us! https://lnkd.in/eEc7rJnE Brandon Cutwright, CAM