National Rents are Moving High
- National rents are up 2.3% in May versus April
- National rents are up 5.4% in May versus last May
- Rents have increased 3 straight months and are accelerating higher?
- Philadelphia is even better at 5.65% in May versus last May
- We are recommending Landlords increase rents at lease 4% and maybe even 5% going forward