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Apartment List’s Post

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In this video, our Chief Economist Igor Popov breaks down the latest #rentalmarket data on how rents have changed across different parts of the country. The numbers don't lie – rents have skyrocketed the most in the suburbs that are furthest from city centers, 30+ miles away. And this suburban rent boom isn't a temporary blip. What's driving renters further from the city? Factors like: - Remote work flexibility - Changing lifestyle preferences - The desire for more living space This suburban migration shows zero signs of slowing down as we look ahead to 2025. How will you prepare for the suburban market dominance?

Transcript

Even as rent growth has resumed everywhere, we are still seeing the strongest rent growth further from city centers. I think this has a lot to do with demographics of the large millennial generation kind of getting to, you know, essentially an age where they're having more kids spreading out more. This has a lot to do with remote work creating more employment opportunities that are spread throughout the US and not concentrated in job centers. I think this has a lot to do with with how technology will evolve. In the coming years as well. So I think this is a trend we expect to continue lookout for suburban markets continuing to do quite well relative to their to their core city cousins.

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