Apartment rents in the Triangle are poised to rise again. How high will they go?
Aaron Sánchez-Guerra, The News & Observer (Raleigh, N.C.)
Mar. 5—Apartment rents in the greater Triangle region were growing at one of the highest rates nationally until COVID-19 caused them to gradually decrease.
While rents are expected to start rebounding soon in the Triangle at higher rates than other metros nationally, they aren't expected to immediately return to their pre-pandemic highs.
As the pandemic's economic strain affected renters' incomes, many landlords and property management companies lowered their monthly rents or kept them flat in an effort to keep their tenants.