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Watch our VP of Research, Jamie Lane, discuss this report!
Occupancy down from 2021
Over 70% occupancy already for summer in some coastal markets
Occupancy came down in May 2022 as supply increases outpaced demand growth. Available listings hit an all-time record high of 1.34 million, up 24.7% from last year, with 84,000 new listings added in May 2022.