March Leasing Update: Stable Portfolio 📊

March was a quieter month as new tenancies settled in, and our portfolio remained stable despite an increase in available rental listings. While tenants showed less urgency in securing properties, our team successfully leased 19 properties and maintained a low 0.5% vacancy rate.

March Highlights:
🔹 8,954 Listing Views: High listing views with strong engagement.
🔹 506 Enquiries Serviced: Consistent enquiry driven by strategic marketing and strong market presence.
🔹370 tenants inspected: 73% of all enquiries attend an inspection, highlighting effective follow-up skills.
🔹 2-Day Average Turnaround: A quick turnaround between tenancies minimises income loss for our clients.
🔹 19 Properties Leased: With low vacancy rates and high lease renewals, fewer properties are available for lease.
🔹 0.5% Vacancy Rate: A vacancy rate of under 1% highlights the strong demand and our ability to efficiently move tenants in and out.

With a higher volume of rental listings, tenants are taking more time to make decisions, which may lead to longer listing periods. However, with all new tenancies successfully settled, our portfolio remains strong and well-positioned for the months ahead.