As extra individuals decide to lease as an alternative of shopping for, RentCafe put collectively a report on the place People can most simply discover items in newly accomplished condominium buildings, which many renters choose if they’ve a selection. RentCafe discovered that general, the variety of new condominium items within the U.S. rose by a wholesome 33 % over the previous decade. The problem is that they don’t seem to be unfold out evenly all through the nation. To calculate the place it’s best to lease a brand new condominium in a fascinating location, RentCafe appeared on the following elements: the rise in new flats within the space between 2012 and 2021, the variety of newly accomplished flats within the space’s most fascinating neighborhoods, the market’s condominium occupancy fee for April 2022 and the common measurement of an condominium.
It ought to come as no shock that smaller cities within the Sunbelt area, the place there’s usually limitless entry to land, have benefited extra from the condominium constructing increase than land-constrained cities on the coasts, akin to New York and San Francisco. Right here’s a breakdown of prime 20 markets for locating new condominium leases.