Apartment Rents Are Too Low

The title of this article may seem inflammatory as many are struggling to afford the inflated cost of living, but we believe it is economic truth. In this article we will show that apartment rental rates are significantly below equilibrium and that rent is likely to rise materially as a more normal market is restored circa 2027. We will begin with 4 data points suggesting rent is below trend, follow with an exploration of the forces that knocked rental rates out of equilibrium, and conclude with actionable ...