Miami was essentially the most aggressive rental market this yr, in response to a brand new report from RentCafe. The South Florida enclave was adopted by Grand Rapids, Orlando, Harrisburg and North Jersey.
RentCafe analyzed the 135 largest markets within the U.S. the place knowledge was obtainable, inspecting metrics together with the variety of days residences had been vacant, what share of leases had been occupied, the variety of potential renters competing for an condo, what share of renters renewed their leases, and the share of residences accomplished this yr. The agency then calculated a Rental Competitivity Index (RCI), to measure how aggressive the rental market was this yr.
