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Chart Of The Week – August 6th 2023

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Chart Of The Week – August 6th 2023

Chris Nebenzahl

Chris Nebenzahl

We are excited to share with you the Chart of the Week!

Closing ratio is a key metric that tracks the leasing efficiency of a property or multifamily market. The closing ratio is the number of leases signed per week compared to the traffic seen at a given property. Over the past few years, closing ratios have followed a two peak and two trough per year trend. Often the closing ratios will peak in June or early July, as many people who have spent the spring looking for new housing decide where they want to live and sign leases. The other peak often comes at the end of the calendar year. While traffic and leasing activity are typically low in the winter, those with expiring leases and the need to move will often sign leases without touring too many properties. The troughs usually occur in March, just as traffic is picking up ahead of the prime rental season, and October, when traffic and leasing activity begin to decline ahead of the winter months.

Radix Research

Research is a powerful solution for benchmarking and evaluating the performance of live properties and portfolios at submarket, market, and national levels. With access to a wide range of data analytics, Radix Research offers the most comprehensive, timely, and leading data, streamlining the research process for all stakeholders.

To find out more info check out our Radix Research page.

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