Convenience drives rental market

Location, location, location – walkability is increasingly becoming a factor in rental sales and developments, according to the Washington Post.

According to the Post, the strongest housing markets right now are those in areas that are within a walkable distance of nearby grocery stores, public transportation stations and other conveniences.

Rental property management officials who already own multiple properties in urban areas would do well to play up the walkability of their units, notes the Post. Zillow, a major real estate agency, now includes "walk scores" alongside its listings, letting potential tenants or buyers know which homes are better in terms of proximity to desirable locations.

Property managers in areas that have excellent walkability, such as downtown urban locations, could find that their location alone is enough to drive an influx of rental applications. However, capitalizing on walkability as a concept in marketing efforts could be beneficial.