As COVID has changed work patterns around the country, a lot has been written about people leaving large cities.
Apartment List's quarterly Renter Migration Report, which incorporates data from millions of user searches from April 1, 2020, through August 10, 2020, and is conducted at the metro level according to Census-defined metropolitan areas, sheds some light on this perceived exodus from large cities.
Apartment List found that fewer people were interested in changing cities. Relative inbound migration dropped from 31.1% to 28.8% year-over-year in the nation's 50 largest metros. Despite a lot of news reports about renters moving out of large metropolitan areas, Apartment List found that outbound migration was essentially flat, falling from 24.3% to 24.2%.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
