.
In 2011 the average rent for an apartment was $1011, in 2012 it grew to a mere $1050, less than 5% growth.
In 2014 average rental costs in US was at $1127 and grew less that 4% compared to 2013
In 2015 this grew to $1179 , a growth of 4.6% compared to 2014.
One of the reasons why this is happening is the demand supply gap.. while there is a growing inventory of apartments.. for users to choose from.. The number of users among them has not increased in the same way the " supply side" apartments" have grown
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WHY RENTAL COSTS IN UNITED STATES ARE STAGNANT |
The cost of renting an apartment in the US is showing signs of sluggish growth
The above chart shows the cost of renting an apartment in the united states compared since 2007 onwards. While vacancy rates slowed signs of coming down, the average rental costs has remained constant, with very little upward movementIn 2011 the average rent for an apartment was $1011, in 2012 it grew to a mere $1050, less than 5% growth.
In 2014 average rental costs in US was at $1127 and grew less that 4% compared to 2013
In 2015 this grew to $1179 , a growth of 4.6% compared to 2014.
One of the reasons why this is happening is the demand supply gap.. while there is a growing inventory of apartments.. for users to choose from.. The number of users among them has not increased in the same way the " supply side" apartments" have grown
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