Nationally, the rental story isn't a great one, according to the Apartment List National Rent Report of 2021.
As we hit the seasonal lull, December rents fell by 0.4 percent month-over-month, while the national rent index is now down 1.5 percent year-over-year and has fallen for four consecutive months.
By comparison, December's rents were 0.2% in 2019, 0.2% in 2018, and 0.3% in 2017. Sixty-five of the nation's 100 largest cities saw rents drop in December 2019. Only 57 saw rent drops this year. "Fewer cities got cheaper, but those cities got cheaper faster," according to Apartment List.
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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.
