Effective asking rents have now fully recovered in a half-dozen gateway metros since prices hit pre-pandemic levels during June across Chicago, Los Angeles, and Northern New Jersey’s Newark-Jersey City area.

Apartment occupancy across the U.S. is sky high and in several small markets, all-time high occupancy rates and fewer total existing units translates into very few vacant units available for rent.

As rents have skyrocketed to record levels this summer, we’re often asked: Are rents surging because of the eviction moratorium?

Marcus & Millichap is pleased to present to market Amber Ridge Apartments, a fully occupied 24-unit multifamily complex on the NE side of Aurora, IL bordering affluent Naperville, IL just to the East.

Just Closed!  | 8-Unit Multifamily Property | 1751 Felten Rd. Aurora, IL 60505 Contact Randolph Taylor for your Multifamily Investment Acquisition & Disposition Needs

They are usually reserved for homebuyers, but bidding wars are becoming more common in the rental home market. Demand for apartment and single-family rentals is surging and outpacing supply.