Which of the following may indicate a strong rental market?

A strong rental market is typically characterized by low vacancy rates. When vacancy rates are low, it indicates that a high percentage of available rental units are occupied, reflecting strong demand for rental properties. This scenario suggests that tenants are seeking housing in that area, often due to factors like a growing job market, desirable neighborhoods, or amenities that attract renters.

In a market with low vacancy rates, landlords have more negotiating power and may even increase rents given the high demand for available units. Conversely, high vacancy rates can suggest an oversupply of rental properties or a lack of interest in rentals in that area, indicating weakness in the rental market. High tenant turnover and increased rent concessions can also signal problems, as they may imply that tenants are dissatisfied with their current living conditions or that the rental prices are not aligned with market expectations.