Report: “Soaring Rents Likely to Stay”
Bloomberg News is reporting that the median national rent climbed 9.2% in the first half of 2021, threatening the consensus that pandemic inflation will soon fade away.
Yardi-Matrix, meanwhile, reports rents up 6.3% nationally in the first half of the year, with 7.8% hikes in Portland with an overall 2021 rent growth rate of 5.2%. The forecast outperformed Seattle’s rent growth year-over-year through June of at 0.9% with overall 2021 rent increases pegged at 1.9
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