by Mary Salmonsen

Entrata has released the results of its Renters on the Move survey, which aims to capture how the COVID-19 pandemic affected American renters’ decisions about their living situations—including how much space they lived in, how much they paid for it, and priorities around location and amenities.

“2020 was a life-changing year for people, industries, and businesses across the globe,” says Chase Harrington, Entrata’s president and chief operating officer. “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.”

To read the entire article, click the link to the Multifamily Executive website.