Posts Tagged ‘USA Today’
Rents are rising across the United States, the result of a strengthening employment market, USA Today reported.
The top two gainers for the first quarter of 2011 are: San Jose, with rents increasing 4.6 percent there, and New York, up 4.4 percent for the year. Both cities outpace the national average of nearly 2 percent from the same period last year.
The news comes on the heels of a study predicting that New York rents will rise 5.7 percent to $3,790 per month in 2011.