National Leasing and Traffic trends

In general, the apartment market has shown fairly steady improvement since its low points early on in the pandemic. Last week, I urged readers not to worry too much until we saw leading indicators like traffic and leases continue to decline over several weeks in a row.

With the arrival of May, more than half of the states are starting to open up to one degree or another, with the rest making plans to do so in the near future. And as the country inches out of lockdown mode, we continue to see improvement in…