Renting
“The primary purpose of the Rental Market Competitiveness Report is not to show the desirability of a market, but rather how easy or challenging it is for a renter to find and secure an apartment, beyond costs.”
A Sept. 30 analysis by RentCafe named the Bridgeport-New Haven, Conn., area the fourth-most competitive rental market in the nation.
Greater Boston landed at No. 18 out of 137.
“The primary purpose of the Rental Market Competitiveness Report is not to show the desirability of a market, but rather how easy or challenging it is for a renter to find and secure an apartment, beyond costs,” Veronica Grecu, a research analyst at RentCafe.com and the author of the report, told Boston.com.
Grecu said that if a market is more desirable than others, metrics like the supply of new apartments, occupancy rate, and share of renters who renew their leases can strongly influence competitiveness in the market.
The apartment search website analyzed Yardi Systems apartment data across 137 rental markets in the United States, according to the methodology of the report. Yardi Matrix offers market intelligence and research or real estate. “The data comes directly from market-rate…
