Rents are definitely up over the last few years. I’m very familiar with a condo complex in Carlsbad where rents were $1200/month three years ago and today they’re $1500/month, or about an 8% annual increase over the period. I know of another complex in the UTC area where rents were $1350/month three years ago and today they’re $1600/month, or about a 6% annual increase over the period.
