Rental Market Recovers Faster Than Predicted
Pro Builder
AUGUST 20, 2021
Rents in nine of the nation’s 50 largest metros — Tampa, Riverside, Las Vegas, Jacksonville, Memphis, Phoenix, Virginia Beach, Atlanta and Miami — are more than 10% higher than their projected rent levels for July based on pre-pandemic trends, topping out at 15.6% higher in Tampa. For-sale inventory, while still down 27.6%
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