Markets That Have Fully Recovered From COVID

[Justin Goodin]

Rents nationwide have already recovered. National rents are now 0.6% greater than pre-pandemic rents. Also, 14 metros have occupancy levels and rents above pre-pandemic levels – either because they’ve fully recovered or weren’t impacted enough by the pandemic.

Yardi lists 14 different markets that have fully recovered from COVID. 

Here are the top 5:

1. Raleigh, NC

2. Portland, OR

3. Phoenix, AZ

4. Denver, CO

5. Indianapolis, IN

Do any of these markets surprise you? Are you seeing metrics back to normal in assets you have under management?

Thanks to Joe Fairless for sharing the Yardi report. Check it out here.

[Levi T.]

We see rents are up by as much as 40% in the DC sub market this year. Surprise AZ (just out side of Phoenix) has seen as 250% population growth in the last year. Real estate market has been the clear winner in this pandemic.