Two of the three have experienced a significant increase in rent (between 8% and 15%).
The are all quality dwellings with good locations. My duplex (in SE) went from $1000/mo to $1200/mo - per unit (I rented both with 4 hours of showing time on one Sunday morning). The other is a house in the Alberta Arts area, it went from $1,500/mo to $1,700/mo. Both the above described properties were slightly under rented (from a price point of view) last year.
My third property, a house in Grant Park is flat at $1,625.
Terry Stewart, Broker
Oregon Realty Co
Janeese Jackson, Principal Broker
Real Estate Resource
This equates to a state of equilibrium and prices should remain fairly level with some incentives being given to get someone in. Are you trying to rent a place or trying to rent something??