Rent hit a new high in July as students prepped for school, buyers sidelined: report
and research firm Urbanation released this week show July’s average asking rent hit $2,078, just shy of nine per cent above the same month last year.The organizations behind the data said July’s numbers also constitute the fastest pace of growth over the past three months and add the average asking rent rose 1.8 per cent between June and July, the most rapid month-over-month increase in the last eight months.
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Average Asking Rent in July Sees Rapid GrowthData released by real estate company Urbanation reveals that the average asking rent in July reached $2,078, marking a nearly nine percent increase compared to the same month last year. This growth rate is the highest over the past three months, with a 1.8 percent increase from June to July, the most rapid month-over-month rise in the last eight months.
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