Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Most renters moving to a major metro are seeing increased housing costs. A new study from Yardi’s Storage Café analyzed the increased costs for new renters in major metros and found that 48.8% of new entrants into major metros experience an increase in housing costs. On the other hand, 21.3% of new entrants experience a decline in housing costs.

“Almost 50% of the movers to the top metros declared that they experienced an increase in housing costs,” Maria Gatea of Yardi Storage Café, tells GlobeSt.com. “However, that might not be that surprising, as 32% of the people moving wanted larger or better-quality homes or more desirable neighborhoods,” . Naturally, this translates into increased housing costs. It’s also worth noting that, in addition, almost 15% of the movers declared they relocated in order to form their own household, which usually implies getting a larger home.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.