New research reveals how COVID-19 impacts moving during an “industry- and world-shifting year.”
In addition to the 22% of American renters who’ve moved into larger apartments in the past year, 56% say they expect to move post-pandemic, according to recently released research results from property management software provider Entrata.
The research, conducted using an online survey of 1,000 adults who currently rent and have moved in the last 3 years, found that more than a fifth of respondents said they moved to larger apartments within the last year. The research dove into why renters are moving, amenities and how COVID-19 has affected moves.
“2020 was a life-changing year for people, industries and businesses across the globe,” said Chase Harrington, President and Chief Operating Officer with Entrata, in a release. “Our survey of U.S. renters shows that many moved to larger spaces to accommodate work from home needs, moved back to hometowns and some even moved to the city to take advantage of lower rental rates. We’re seeing a shift in the industry as renters look for more flexible leasing options and think differently about apartment amenities.”
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