BASED ON OUR ANALYSIS, RENTS ARE ON THE RISE IN DOWNTOWN METROS ACROSS THE COUNTRY.
DOWNTOWN RENTS HAVE RISEN: Q3 RATE CHANGES Covid uncertainty, eviction moratoria, and renters on the move. Are these factors fueling rent price changes in your markets? Here’s the data.
SUMMARY Since the start of the global pandemic, rent prices have changed across the U.S. To quantify the impact, we’ve inspected rent changes in ten metros where AAOA members reside. Below we present a summary analysis of our findings for these metros, comparing two-bedroom rent changes from June 2021 to September 2021.
Based on our analysis, rents are on the rise in downtown metros across the country. METHODOLOGY Our neighborhood analyses use a 3-month “Look Back” to establish an average baseline rent. The 6-month Look Back considers rent data on June 1, 2021 and September 1, 2021.
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