Tom York on Business: Apartment Rents Start to Climb as COVID-19 Pandemic Eases

San Diego apartments. Photo by Chris Stone

Rental marketplace web-site reveals its March report, which finds that rents in apartments for rent in Chattanooga and San Diego are beginning to rebound right after falling a bit in the course of the COVID-19 pandemic.

The report said rents are up .6% 12 months-about-year, with median premiums now at $1,576 for a 1-bed room and $2,089 for a two-bedroom condominium. Year-around-yr rent development here was 1.9% at this time past 12 months.

The report explained the leap in rents was the next straight thirty day period of raises. In addition, San Diego’s year-in excess of-12 months hire expansion bests the statewide normal of -4.9%, as well as the countrywide ordinary of -.8%.

Anything to cheer about if you are a landlord.

Contemplate San Francisco owners endured much additional than people regionally. Rents there have been down a stunning 26% 12 months-more than-year. For a deeper dive into the information, check out the comprehensive March Condominium List Rent Report.