Multi-Family Owners Experience Record-Breaking Demand Across the Nation, Increase Rent

"After weakening early in the pandemic as the economy faltered and young people rode out lockdowns with family, the rental market is now seeing record demand. The number of occupied U.S. rental-apartment units jumped by about half a million in the second quarter, the biggest annual increase in data going back to 1993...Occupancy last month hit a new high of 96.9%," according to Crain's.