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Apartment’s Share of Wallet: Despite quickly rebounding rents, Apartments taking only modest share of wallet.
Apartment’s Share of Wallet Despite quickly rebounding rents, Apartments taking only modest share of wallet. July 2021 The recovery in apartment demand is skewing toward higher income households, helping to hold down rent-to-income ratios despite quickly rising rents. Across Class A assets owned and operated by GID, rent-to-income ratios were about 21% in the second quarter,1 virtually unmoved from pre-Covid levels. GID’s Class […]