"2023 was a record year for new supply across the country, and the multifamily industry will add even more inventory in 2024," Zumper's researchers wrote in their January rent report. "This jump in supply is good news for renters looking for a deal."
"Renters have more leverage right now than anytime in recent memory," said Anthemos Georgiades, the CEO of Zumper, in a statement for the report. "Now is the time to renegotiate existing leases or score a deal on a new apartment."
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