Pandemic Apartment Construction is Finishing. Now What?

New Apartments Are Taking Longer to Fill Up

Remember how hard it was to find an apartment during the pandemic? Well, things are finally getting back to normal. New data shows that just over half of newly built apartments are finding renters within their first three months on the market. This is a big change from the crazy rush we saw during COVID-19.


Different Stories in Different Parts of the Country

The Northeast is doing surprisingly well – about two-thirds of new apartments there are getting rented quickly. But the South, especially Florida and Texas, is telling a different story. Builders went all-in on new apartments there during the pandemic when everyone was moving south. Now they might have built too many, too fast. Only about half of these new southern apartments are finding renters quickly.


Bigger Apartments Are a Hot Ticket

Here's something interesting: the biggest apartments (those with three or more bedrooms) are the easiest to rent out. About 63% of them find renters quickly, even though builders are making more of them than before. This makes sense when you think about how many people still work from home and want extra space.


Studio apartments, on the other hand, are having a harder time. Only half of them are finding renters in their first three months. One and two-bedroom apartments aren't doing much better.


What This Means for Potential Renters

If you're looking to rent, this is actually good news. With more apartments available and fewer people rushing to rent them, you might have:

  • More choices when apartment hunting
  • More room to negotiate your rent
  • Better chances of finding move-in specials and deals
  • The opportunity to rent a home instead of an apartment


Apartment complexes know this too. Many are offering special deals or lower rents to attract tenants. This is especially true in places like Florida and Texas, where lots of new apartments are opening up.


Looking Ahead

The apartment market is finally cooling down after the pandemic rush. Builders are slowing down too – they're starting fewer new apartment projects than last year. This means we're heading toward a more normal, balanced market where neither landlords nor renters have all the power. For 2025, this likely means better opportunities for renters, especially in areas with lots of new apartments. While finding an apartment isn't exactly easy, it's definitely not as stressful as it was during the pandemic. The best part? This calmer market means you can take more time to find the right place instead of having to grab the first apartment you see. Whether you're looking for your first apartment or thinking about moving to a new one, 2025 might be your year to find a great deal.

Taking care of your rental | Landscape cleanup

April 2, 2025
Keeping your landscaping tidy is an easy way to keep your yard looking great and avoid any potential violations! Regularly clearing away fallen leaves, trimming overgrown plants, and picking up yard debris not only helps your garden stay healthy but also ensures you’re following community guidelines. A well-maintained yard can also boost your home's curb appeal and contribute to a clean, attractive community.  By taking a little time each season to stay on top of your landscaping, you help contribute to the cleanliness and beauty of our neighborhood. Plus, it’s a great way to avoid potential fines or complaints. Thank you for doing your part!

BLVD: A Game-Changer for the Strip

By Shae White • April 1, 2025
Las Vegas continues to reinvent itself, and the latest addition to the Strip is sure to leave a lasting impression. The BLVD is officially opening this year, bringing a thrilling new blend of luxury, entertainment, and innovation to the heart of Sin City. One of the standout features of this development is the world’s largest In-N-Out Burger . Food lovers can indulge in their favorite fast-food cravings at an unprecedented scale. But that’s just the beginning. BLVD is also home to The Overlook , an outdoor lounge offering stunning views of the iconic Las Vegas Strip. It's the perfect place to relax with a drink while taking in the vibrant energy of the city. Spanning over 400,000 square feet of retail space, the development promises a shopping experience like no other. High-end boutiques, cutting-edge stores, and unique pop-up experiences will make BLVD a must-visit for anyone looking to elevate their Las Vegas experience.  With its mix of modern design, upscale amenities, and unforgettable views, BLVD is set to become the new heartbeat of the Strip. Whether you're a foodie, shopper, or thrill-seeker, this new landmark will surely become a highlight of your Las Vegas adventure. Make sure to check it out—it’s the next big thing in Sin City!

4 Tips for Protecting Your Rental Property Investment in Las Vegas

March 24, 2025
Owning rental property in Las Vegas is a rewarding investment, but protecting that investment requires proactive attention. At McKenna Property Management, we understand the unique challenges property owners face in this market. Here are five essential tips to safeguard your property. 1. Regular Property Evaluations and Tenant Screening At McKenna Property Management, we conduct regular property evaluations to identify and address issues before they become costly problems. Whether it's checking if the air filters are being changed o r checking for wear and tear, we help keep your property wellmaintained. We also thoroughly screen tenants to find reliable individuals who pay rent on time and treat your property with care. Our process includes background checks, credit reviews, and rental history verification, helping you avoid costly turnover and potential damage. 2. Leverage Our Team of Licensed Realtors and Property Managers Our team of licensed Realtors® and property managers has extensive experience in the Las Vegas market. This expertise ensures that we’re up-to-date with the latest rental laws, regulations, and market trends, helping you stay compliant and protect your investment from potential legal risks . 3. Stay Current with Local Laws and Regulations Las Vegas has specific laws regarding rental properties, from landlord-tenant relations to eviction procedures. At McKenna Property Management, we stay on top of these regulations to ensure your property is compliant and you avoid costly legal issues. 4. Invest in Regular Property Upkeep and Upgrades Regular mainten ance and addressing smart upgrades are essential to keeping your property competitive. Simple improvements like new paint, updated appliances, and energy-efficient features not only increase your property’s value but also attract highquality tenants. Conclusion  Protecting your rental property in Las Vegas requires proactive steps. By taking care of evaluations, tenant screening, staying compliant with laws, and walking you through the benefits of investing in upgrades, you can ensure long-term success. At McKenna Property Management, we’re here to help you safeguard and maximize the value of your investment. Contact us today to learn more!
More Posts
Share by: