Rents & Vacancies: When Supply Turns the Market into a 'Free Rent' Fest "The era of “Pandemic Darlings”—metros that led the rental housing market with significant inventory and rent growth during the pandemic due to a surge in demand for remote work flexibility and a desire for more space—has seen a transformation. In the second quarter, Texas cities like Austin, Houston and Dallas led the inventory growth among the list of 79 primary metros by more than 2,500 units coming online. Florida cities such as Orlando, Jacksonville and Miami all recorded vacancy rates exceeding 7.0 percent due to supply-side pressure. These Pandemic Darlings illustrated the link between a surge in supply and higher vacancy rates." https://lnkd.in/e6dG2Nzd