RedFin
48% of apartments built in Q1 were rented within three months, up from 47% in Q4 2024 and 46% in Q3 2024. As the balance of power tilts back toward landlords, asking rents are ticking up. Roughly half (48%) of newly built apartments completed in the first quarter of 2025 were rented within three months…
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New Apartments Are Increasingly Likely to Get Snapped Up Quickly As Construction Slows
Lily Katz
04:19
48% of apartments built in Q1 were rented within three months, up from 47% in Q4 2024 and 46% in Q3 2024. As the balance of power tilts back toward landlords, asking rents are ticking up. Roughly half (48%) of newly built apartments completed in the first quarter of 2025 were rented within three months…
