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Apartment Concessions Decline as New Leasing Stabilizes


After a seasonal lull in December, multifamily applications and move-in volumes are all up for a third consecutive month, according to MRI Software.

In March, traffic hit higher levels than it did in summer 2020. March’s traffic hit roughly 140% of March and February from that year. Call volumes associated with leasing also hit volumes not seen since last summer.

Online applications grew faster than overall application volumes, showing that online leasing is taking hold. Overall applications were more than 140% over February’s numbers. Online applications were nearly 200% of March 2020.

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