Apartment leasing appears to be on the rebound.
The indicator showed signs of improvement in the third quarter, according to a new report from RealPage, and other recent data also showed healthy activity in the space, possibly pointing up the beginnings of recovery for the second half of 2020.
Greg Willett, chief economist at the real estate technology and analytics firm expressed cautious optimism. "While the US economy has a long way to go before it's fully healed, there's enough job production to allow new household formation to return in some areas, so apartment demand is back," he said in prepared remarks.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
