2016 Year End Rental Market Report

In December of 2024, Dwellworks proudly acquired CORT's Destination Services business, expanding our commitment to delivering industry-leading relocation solutions. Read the full press release here. To ensure a seamless transition, we are making the materials previously available on the CORT Destination Services website accessible as valuable resources for our clients and partners.

For more information on Dwellworks Destination Services, please click here.

 

 

Rental Occupancy Moderates

Our report is a summary of findings from our staff, our network of real estate consultants, research into the best sources, and conversations with our strategic partner property managers. We share the current state of rental occupancy, since availability continues to be a challenge in most markets. The robust building of new rental units over the past 3 years has begun to affect occupancy and rental demand. In most major markets the pace of new units coming online has slowed, with Houston and Dallas Texas as notable exceptions. The result is a moderation of occupancy rates and an easing of rental cost pressure. Reports of an increase of concessions are coming in even from the biggest and most active rental markets as new inventory becomes available.

 

What This Means For Home Finding

Even those who complete a thorough internet search for rental options may find them unavailable when they arrive for home finding. Assignees should consider:

• Obtain good information on the destination market’s occupancy challenges
• Get comparative pricing and lifestyle information
• Use tools that provide neighborhood demographic detail
• Engage a local rental expert for home search guidance
• Come to the home finding visit ready to act decisively
• Be prepared to be flexible on preferences and amenities

Providers need to be absolutely up to date on new inventory & concession opportunities. Would you like more information? Download the complete 2016 Year End Rental Market Report."

 

 

About Dwellworks 

Dwellworks is the world’s largest provider of destination-related services and temporary living solutions for the globally mobile workforce and business travelers. We provide business-to-business solutions for Fortune 1000 and emerging companies directly and through their relocation management partners. Whether a company needs to relocate its employees across the country or around the world, we provide a range of support services to help employees and their families transition successfully from their home location to a new destination.   

Dwellworks supports the diversity of our clients’ globally mobile workforce with personalized destination solutions in 16 countries, covering hundreds of major relocation markets. Dwellworks Living, our global furnished temporary living solution, offers corporate housing accommodations for relocation and business travel customers in 125 countries. Our full-service real estate brokerage, Station Cities, supports home rentals, sales, and purchases in the Tri-State New York area and Chicago. Visit our homepage, learn about our services, and read our blogs to learn how we can help with your relocation and business travel needs.