Now that work has diminished in NC, I've taken on several leasing consultant and other real estate related jobs to fill in the gaps (in my bank account :). 

The 'Market Rent" is a set amount.  Each week, all leasing offices call each other within their zip code to check occupancy rates.  According to the numbers, all offices adjust the 'Concession' for their apartments.

In other words, if the Market Rent on one apartment is $1000 per month, you may have gotten a year's lease at $900 when there were plenty available ($100 concession).  Now that the area is booming, the concession is just $20, making that same apartment $980 per month. 

Robert, can you or Kevin explain if this is or isn't a viable option for abstractors?  Interesting to think of checking in with (reputable) abstractors each Friday to see what the numbers are and what concession - if any - we'll be offering the following week!

Thanks,
Jan