A new Zillow report finds that more than half of rental listings on its site in the DC area included at least one concession, such as free rent or free parking, in December. Nationwide, about one-third of rental listings had a concession.
"An interesting trend in December was the heightened use of rent concessions, with 32.7% of rentals on Zillow advertising incentives," the Zillow report stated. "This is a 0.7 percentage point increase from November and a significant 10.1 percentage point jump from last year."
The study only looks at rental listings advertised on Zillow.
Thumbnail photo courtesy of Ted Eytan.
This article originally published at https://dc.urbanturf.com/articles/blog/free_rent_half_of_dc-area_rental_listings_offering_a_concession/21845.
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