Through the first three months of the year, 2022's national rent growth is outpacing 2021's rent growth, according to Zumper's National Rent Report published last week.
"That's hard to believe given that 2021 may have experienced the sharpest rise in rent of any calendar year in our lifetimes," Zumper reporter Jeff Andrews said in prepared remarks.
In Zumper's March data, not only does the median one-bedroom nationally hit an all-time high at $1,400, but it represents a 2.5 percent increase for the year so far, ahead of the 1.9 percent growth at this time last year.
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.
