A new Zillow report finds that nearly half of rental listings on its site in the DC area included at least one concession, such as free rent or free parking, in April, down from 55% of listings in December. Nationwide, about one-third of rental listings had a concession in April — up from 21% last spring.
"Rent growth and concessions offered today are indicative of a much stronger rental market than that of early 2021, when the market was recovering from the pandemic," the Zillow report stated. "Business and college closures pushed workers and students from cities and campuses – many of whom moved back in with family."
The study only looks at rental listings advertised on Zillow.
Thumbnail image courtesy of Ted Eytan.
See other articles related to: renting in dc
This article originally published at https://dc.urbanturf.com/articles/blog/free_rent_48_of_dc-area_rental_listings_offering_a_concession/21046.
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