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The Real Reason Rents Shot Up During the Pandemic
It’s no secret that rent prices ripped higher between 2020 and 2022. Rents on the West Coast were $1,992 in January 2020 at the beginning of the COVID-19 pandemic and peaked out at $2,497 in August 2022, growing 25% in just 30 months. Asking rents grew by a modest 2.5% in February 2020 and then…
