Short answer, no. But it’s very different than it was a few years ago and I think that’s a good thing.
Let’s talk about supply and demand in the rental market: Vacancy rates are now at 3.7%, the highest we’ve seen since 1988. To put that into perspective, that means roughly 37 out of every 1,000 apartments are available to rent at any given time. In 2023, that number was under 1% or 10 out of 1000.
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