A recent report from Bloomberg is highlighting how rents across the nation are rising at record speeds. They point out that the number of occupied rental-apartment units rose by about 500k in Q2, the biggest annual increase in data going back to 1993 (according to data from RealPage) as well as occupancy hitting a new high of 96.9.
“Any desirable rental is going within hours, just like the desirable sales,” said Shannon Dopkins, a Realtor in Tampa. “One woman passed on a place that was beat up with water damage. Somebody else decided to rent it.”