www.zerohedge.com by TYLER DURDEN
New data from property management software company RealPage shows apartment occupancy in the US surged to a record high in December. High occupancy rates come as renters were lured in with pandemic discounts in late 2020 and 2021 as others fled metro areas for a new life in the suburbs.
RealPage said 97.5% of the professionally managed apartments in the US last month were occupied, the highest on record. The figure is two percentage points higher than the occupancy rate in December 2020. Just a few percentage points equate to hundreds of thousands of households.
