Real Estate
U.S. Rents Are Increasing at ‘Shocking’ Rates of More Than 10%
- In some cities of Florida and Georgia, rents rose 25% or more
- No sign yet of the seasonal dip in rents at this time of year
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The pace of rent increases is heating up in the U.S.
Rent data for the past two months show no sign yet of the usual seasonal dip at this time of year, following peaks early in the summer, when many lease renewals come due.