Moving to a big city this fall? Get ready to pay.
"You're seeing people sometimes getting in bidding wars," Gary Malin, the chief operating officer of the brokerage Corcoran Group, recently told
"I know I had an easier time than most," Rodriguez said, even though she ultimately settled for a one-bedroom apartment that didn't have a dishwasher and was in Brooklyn .New York is far from alone in seeing an uptick in renter activity. Seattle had 54% more rental activity in the first half of 2021 than it did in the first half of 2020, according to the RentCafé study.
Brian O'Connor, a Commercial Analytics cofounder, said the crunch would push rents even higher. Pandemic-era concessions hardly exist anymore.Angel Burford, a millennial who works at a local tech startup, told Insider she and her husband took advantage of those concessions in February. They upgraded from a one-bedroom to a two-bedroom with amenities like floor-to-ceiling windows, hardwood floors, and office space as they both worked from home.
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