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CNBC

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Business & Economics

These are the most competitive rental markets in the U.S.

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Summary
Nutrition label

79% Informative

Last year , developers completed close to 600,000 multifamily units, according to the U.S. Census .

Lease renewal rates rose to 63.1% in the early part of this year .

Apartment occupancy is also holding firm at 93.3% , slightly higher than at the beginning of last year .

Miami has the highest occupancy rate, with an average of 14 applicants for each unit.

VR Score

89

Informative language

93

Neutral language

88

Article tone

formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links