New York CNN —
Renters are gaining the upper hand in the balance of power with landlords.
Apartment units are staying on the market for longer. Vacancy rates are rising. And rental growth is slowing.
Now, landlords are being forced to offer sweeteners like free parking and free weeks of rent to get tenants to sign on the dotted line.
The share of rental listings on Zillow offering a concession as an incentive to rent climbed to 33.2% in July. That’s flat from June, but up from 25.4% a year earlier and well above
→ Continue reading at CNN - Business News
