January 11, 2019
There are sharp differences in the rate of rental inflation across cities. The West Coast cities continue to be the big problem areas with Seattle and Portland both seeing rental inflation in the 5–6 percent range and Los Angeles having inflation in a 4–5 percent range. In the last year there has been a sharp increase in the rate of rental inflation in both Boston and Chicago, which has gone from near 2.0 percent to close to 4.0 percent. In contrast, rental inflation in the DC area has remained near 2.0 percent. For more, check out the latest Prices Byte.