‘It’s ridiculous growth:’ Orlando market seeing historic rent hikes
Real Estate market analyst says shortage in housing, rentals leading to high rent
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‘It’s ridiculous growth:’ Orlando market seeing historic rent hikes
ORLANDO, Fla. – The Orlando real estate market — which covers Orange, Osceola, Lake and Seminole counties — is seeing the highest rent hikes in history right now, according to market analysts’ part of the CoStar group.
Brian Alford, is the director of market analytics for CoStar, based out of Tampa, and said the surge in rent prices is unprecedented.
“It’s ridiculous growth,” Alford said. “We have never seen rent growing at the pace they have been growing here in the last 4-5 months.”