Neutral
●
PRNewsWire
●
about one month ago
Rents are rising and demand is strong, but property managers aren't rushing to cut concessions The Zillow Observed Rent Index (ZORI) shows the typical U.S. asking rent rose to $1,962 in July, up 2.3% annually — the fastest pace in more than a year. 39.8% of rentals on Zillow offered a concession in July, up from 35.9% a year ago.