SAN FRANCISCO—Zumper recently released its latest national rentreport, which includes insights on how the pandemic is affectingrent prices across the nation. The report covers 100 US cities withdata aggregated from more than 1 million active listings, andincludes a National Rent Index for one- and two-bedroom units.
Among the highlights of the report, both the national one- andtwo-bedrooms rents are down 0.5% year-to-date, settling at $1,217and $1,473, respectively.
Indeed, many renters are looking for more affordable optionsoutside of the pricey metropolitan areas as many companies move toremote work. As a result, COVID-19 has shifted demand away from themost expensive markets and the top 10 cities all had flat todeclining monthly rent changes.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
