Rent prices has been increasing over the last few years and in 2015, the rise continues. Experts predict increased are likely to continue in 2016. Rental construction is on the rise but not enough to meet the demand, driving rental rates up.
‘Rents skyrocketed in 2014 and many analysts did not think those escalating costs would be sustainable. But they have yet to slow in 2015 – and in fact, rents have gotten higher — and the increases likely will continue into next year.
Annual rent growth in September was 5.2 percent – the highest since 2011, according to Axiometrics, an apartment research firm….”