As the Vacancy Rate Rises, Rents Are Poised to Fall
Pro Builder
MAY 18, 2023
While rents are beginning to fall in pricey coastal markets and Sun Belt cities, Cincinnati and Detroit are seeing some of the nation’s biggest rental gains, with year-over-year increases of 9.9% Detroit, where the median rent is $1,390, was in second place, with an 8.9% And in Las Vegas, the median lease was 5.7%
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