Maybe everyone is “right” and the avg is going up because only new units are being built which has a higher rental rate…This skews the numbers a little higher even though some areas or units are not moving up a lot.

I don’t think a lot of the mom and pop landlords are also in these reports since they don’t poll these people who maybe offering the better “deals” for their rentals since they don’t run it like a business with professional full time workers onsite who don’t mind kicking old tenants out to charge market rate since the building owner has to pay them anyways.

Also, some workers want certain amenities say like a parking space, laundry, etc…so those units have a higher premium than older units without these features so those older rental units aren’t up as much since they haven’t been upgraded.

All I know is I see rents are up a lot all over my area so can’t help but think prices won’t drop until this changes.