After a decade when apartment resident retention gradually got better and better, it's now harder for property owners and operators to hold onto renters in some metros and some apartment product segments.
Influencing that shift, the world has simply changed over the past year. Many households have experienced income disruptions, and sometimes challenges in employment have led to shifts in household composition. Even if there are no significant changes in household finances, more people working from home can shift choices in apartment location as well as space needs and preferences.
A History Lesson
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