Asking rents at apartments hit a new all-time high, and one real estate investment trust analyst notes the price increases for purpose-built rentals are outpacing rent escalation for condos, further narrowing the rent differential between the two rental types.
Surge in Rents Higher at Purpose-Built Units Than Condos
Monthly Apartment Asking Rates Reach All-Time High in May, Report Says
By Garry Marr
CoStar NewsJune 11, 2024 | 3:11 P.M.
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