Effective immediately, our office will be open for drop-in visits Monday through Thursday. Staff will still work remotely on Friday. As always, staff is available by phone and e-mail. Please check our website at www.greatercaa.org for timely updates to COVID protocols implemented by our Association concerning upcoming education classes, meetings and events.

 

Apartment Retention Rates Surge Back Near Lockdown-Era Peaks

News ,

The share of renters choosing to renew expiring leases in August 2021 surged 4 percentage points year-over-year, the largest increase on record. That brought the overall retention rate to 57.2%, just shy of the historical peaks set during the height of the lockdowns in April and May 2020. The abrupt snap-back in retention over the last two months marks an abrupt turnaround from a pattern of normalizing retention rates seen since last summer.

What’s driving the rebound?...Read article in its entirety.