New Survey Captures a Surge in Renters Planning to Move

The rental landscape is shifting in interesting ways, as revealed by the latest survey from Apartments.com. This comprehensive study, which surveyed 30,000 renters from across the US, indicates a significant increase in the number of renters planning to move. A striking 48% of respondents stated they intend to relocate within the next six months, a notable rise from the 40-43% range observed over the past two years. This surge is a beacon of hope for property owners and operators who have faced challenges in a market where supply has outpaced demand. Chris Hood, senior director of marketing told GlobeSt.com, “to see that 48% of renters told us they plan to move within the next six months was super encouraging.”

The increased willingness to move is being influenced by several factors. While the survey did not specifically ask for reasons, it is inferred that the return to in-person work for many individuals is prompting a reevaluation of living arrangements. Renters are seeking locations that balance proximity to their workplaces with lifestyle preferences, leading to a surge in demand for new housing options.