In this article they cite yet another survey that says rents are up 2.4%, based on properties with 25 or more units.
My guess as to what’s happening in the surveys is due to the mix of units surveyed and impacted by small-timers, smaller complexes, failed multi-unit flippers and condo conversions in the SDAA survey. The large 100-unit or more complexes is a more static group from which to survey, but does not represent the entire market.
