Apartment landlords offer concessions for newly built projects
Concessions by apartment landlords, especially at newly constructed properties, continue to grow, with such things as free rent for a month or two, amenity upgrades or free televisions offered at 19.9% of existing apartments at the end of 2017, up from 4% in 2015, according to RealPage. Concessions are most common in cities such as Las Vegas, San Antonio, New York, Virginia Beach and Houston, where new supply is plentiful.