MRED Blog

REinventing MLS

Rental Beast market report December 2020: Rental inquiries skyrocket

Chicago posted the largest year-over-year increase in prospective tenants actively seeking to rent an available property in Rental Beast’s database, according to the company’s December market report. The 378% jump more than quadrupled the next-highest increasing city.

The report also stated:

Nick Libert, CEO of Exit Strategy Realty in Chicago, is not surprised by strong Rental Inquiry rates. He believes a combination of optimism about the pending vaccine and greater job security for those working in tech and other non-service-oriented jobs have inspired Chicagoans to explore new living arrangements. Libert explains, “While there is enthusiasm for the vaccine, people realize they will still be working from home for the better part of 2021. Renters are looking to adjust or upgrade their living space to better accommodate their work-from-home needs”.

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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