Rental Market
The rental market refers to the sector of the real estate industry where properties are leased to tenants rather than sold. This market includes various types of properties, such as apartments, houses, and commercial spaces. Factors like location, property condition, and local demand influence rental prices and availability.
In the rental market, landlords and property managers play a crucial role in setting rental rates and maintaining properties. Tenants seek affordable and suitable living or working spaces, often considering amenities and proximity to services. The balance between supply and demand can significantly impact rental trends and market stability.