As rents have skyrocketed to record levels this summer, we're often asked: Are rents surging because of the eviction moratorium?
The answer? Not directly, but it's likely a contributing factor. To what degree will depend heavily on the property and the location.
Like pricing for almost anything else, setting rents comes down to Econ 101: supply and demand. When demand tops supply, price increases. We've seen this of late with lumber, food and even automobiles (among other items) – hence the talk of inflation.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
