Good news for prospective tenants looking for an apartment to rent. Complexes here in Melbourne Florida are offering tenant incentives to lure tenants into their properties.
Currently, here in Brevard County vacancy rates are at about 15%. That number is up by about 12% from 2 years ago. And rents have decreased by about 10% in that time.
Some apartments are offering a free gas card to new tenants.
Some complexes are offering a month or two of free rent. Typically this free month is included at the tail end of the lease term.
Some complexes are offering a lower security deposit upon move in.
Whatever the incentive is, there are quite attractive options to tenants looking to move in to a nice clean complex.
There is currently a shortage of good tenants in the market today.
We are not seeing the same types of rental incentives being offered on single family homes, as they still seem to be renting a fairly rapid pace. Good, clean single family rental houses are still very attractive to a large number of prospective tenants.
So if you’re looking for a rental, keep your eyes and ears open for those great move in incentives!
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