MRED Blog

REinventing MLS

Rental Beast market report October 2020: Leasing concessions abound

Rental Beasts’ October market report found that renters are finding concessions, and Chicago’s market is no exception.

According to the report:

“As Chicago heads into its traditional off-peak rental season, it is not clear if this year will deviate from pre-established rental patterns. Bucking the trends in other cities, Chicago reported declines in YOY Rental Concessions in June, July, and August. However, as property managers and owners seek to secure as many tenants as possible before the colder weather arrives, Chicago registered an 11% YOY increase in Rental Concessions.”

Click here to read the full report

Rental Beast is an included MRED subscriber benefit. Its Apply Now tool simplifies the rental application process by providing background and criminal history checks for property owners.

Click here to learn more about Rental Beast

Click here to learn more about Apply Now

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