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Property Management Blog

Rental Price Update - April 2023

By Mike Lautensack Monday, April 17, 2023

Rental Price Update - April 2023

  • Rents up .5% month over month in March
  • Rent are up 2 months in row on month over month
  • Rents are up 2.% year over year and moderating
  • Vacant Rate is 6.6% up from 4.1% as builders are finally start to catch on supply
  • Philadelphia rents have been flat in March

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Mike Lautensack
President for Philadelphia's Leading Property Management Blog
Mike Lautensack is the owner of Del Val Realty & Property Management, where they manage close to 5,000 rental units in and around Philadelphia. By implementing a tenant retention-focused strategy, Del Val Realty has successfully maintained occupancy rates above industry standards and generated consistent returns for their investors.
Mike Lautensack is the owner of Del Val Realty & Property Management, where they manage close to 5,000 rental units in and around Philadelphia. By implementing a tenant retention-focused strategy, Del Val Realty has successfully maintained occupancy rates above industry standards and generated consistent returns for their investors.
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