They are! As demand rises due to those that can't purchase from leaving their homes from short sale or foreclosure as well as the flood of people that keep relocating, rents have risen. In 2007 the average 2 bedroom for the metro was in the $700 range now it is in the $900's. This month I have a client who is relocating and looking in the $2,000/month range for Midtown 2 bedrooms and there are multiple rental offers on the properties we have viewed. Demand is there!! A Buckhead condo I am listing for rent will also be higher now since I have seen the rents go up by $200/month in the past year.
Christan Ross, Realtor
Chapman Hall Realty