November 20, 2024
Landlords Are Facing Massive Pressure To Deliver More Tenant Incentives
Things are getting considerably more difficult for landlords.
They are dealing with very significant increases in their cost structure due to the impact of inflation and at the same time they are witnessing increased churn rates and as a result are having to dramatically increase incentives for tenant acquisition and retention.
35% National Churn Rate For Landlords = 35% Of Tenants Do Not Renew Their Lease With Existing Landlord
Landlord Incentives Have Doubled In The Form Of "Concessions" Like Free Rent, Etc vs. 2019
