Leasing across the United States.

Florida has been the top U.S. state for inbound migration four years running, drawing Northeast and Midwest renters into Miami, Tampa, Orlando, Jacksonville, and Fort Lauderdale. Sustained international-buyer demand keeps Miami-Dade tight, while Orlando's Lake Nona biotech corridor and Tampa's Westshore office stock absorb steady year-round demand. Insurance-cost volatility and HOA reform have reshaped condo leasing economics in 2025-26.

Texas is the fastest-growing U.S. state by absolute population and second-fastest by net rental demand. Austin, Houston, and the DFW metroplex anchor the leasing footprint, with San Antonio and El Paso adding lower-rent depth. Aggressive 2024-26 multifamily delivery has cooled rent growth in Austin and Sunbelt-Dallas, creating rare tenant-favourable conditions in luxury Class-A — but Class-B and single-family demand remains tight.

California is the most competitive rental market in North America with the strictest tenant-protection statutes. AB-1482 caps statewide rent increases on most non-exempt units, layered on top of Costa-Hawkins-bounded local rent control in San Francisco, Los Angeles, Oakland, Berkeley, and San Jose. The post-pandemic tech-sector recovery and AI-driven hiring have normalized Bay Area vacancies, while LA and Inland Empire markets continue to absorb relocation demand.

From Manhattan's ultra-competitive submarkets through emerging Brooklyn and Queens neighbourhoods, plus the Upstate corridor — New York is the most-regulated state in the country. DHCR-registered rent-stabilized units, HSTPA 2019 protections, and the Good Cause Eviction Act (effective 2024) shape every leasing engagement. The 2023-26 NYC vacancy decline pushed asking rents in Manhattan and prime Brooklyn to all-time highs.

Illinois rentals are anchored by the Chicago metro under the Chicago Residential Landlord and Tenant Ordinance (RLTO), one of the most tenant-friendly municipal frameworks in the Midwest. Collar counties (Aurora, Naperville, Lake County) draw steady GO-zone commuter demand via Metra, while Rockford and Springfield offer the state's most accessible price points. Statewide rent control remains preempted at the state level.

Atlanta-anchored leasing across a fast-growing Sun Belt state with strong in-migration, healthy build-to-rent inventory, and tier-2 demand in Augusta, Savannah, and Columbus. Georgia has no state-level rent control and limited tenant-protection statutes — making it one of the most landlord-favourable major U.S. markets. The Atlanta metro's Class-A delivery wave has tempered rent growth in Midtown and Buckhead through 2026.

Charlotte and Raleigh-Durham leasing across one of the strongest tech-and-finance inbound migration corridors in the country, plus Greensboro and Winston-Salem in the Triad. North Carolina has no state-level rent control and a relatively landlord-favourable statutory framework. Research Triangle Park hiring has anchored Raleigh-Durham as one of the country's top rent-growth markets through the past decade.

Phoenix-metro leasing with disciplined pricing for a market shaped by seasonal rental cycles, California in-migration, and the Tucson university-and-defence anchor. The 2024-26 multifamily delivery wave in metro Phoenix temporarily lifted vacancy and tempered rent growth, but TSMC Phoenix and the broader Sun Belt semiconductor boom continue to drive sustained absorption. Snowbird seasonality remains an important rhythm in Scottsdale and Mesa.

Denver-anchored leasing with Front Range coverage across Colorado Springs, Aurora, and Fort Collins. Strong wage growth and steady rental demand from outdoor-economy in-migration. Colorado lifted its statewide preemption of local rent control in 2024, but Denver and most Front Range cities have not yet adopted local ordinances. Class-A multifamily delivery has tempered rent growth in LoDo and RiNo through 2025-26.

Northern New Jersey leasing with a focus on NYC-commuter submarkets and dense rental inventory along the Hudson corridor, plus inland depth in Newark, Paterson, Elizabeth, and Edison. New Jersey is one of only four U.S. states permitting municipal rent control, and Newark, Jersey City, Elizabeth, and Paterson all maintain active local ordinances. Statewide vacancy is among the lowest in the U.S. outside of California and New York.