By Real Estate Daily News
With the first full month of 2021 data in the books, our rent estimates are showing that COVID’s impact on the market is continuing to stabilize, according to Apartment List. Our national index ticked up by 0.1% from December to January, the first monthly increase that we’ve seen since last August.
Although the data continue to show significant regional variation, the markets that have been most heavily impacted by the pandemic are beginning to enter calmer waters. In the pricey coastal metros where rents have been plummeting, this month’s data implies that we may have reached the bottom. At the other end of the spectrum, many of the mid-sized markets that have seen rents grow rapidly through the pandemic have seen just modest increases this month.
Tucson rents increased over the past month. In this report, we’ll evaluate trends in the Tucson rental market, including comparisons to cities throughout the state and nation.