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Why Is My Rent Increasing At Time Of Renewal?

There could be several reasons you noted a rental increase as part of your renewal offer.

 

Before each renewal offer is sent, our leasing team conducts a market analysis of comparable units nearby, reviews your rental rate, and accounts for seasonality / market demand.

 

In addition to market specific data, there are additional macroeconomic forces at play such as inflation, higher maintenance costs, and rising wages to retain staff that may influence the need to increase your rent.

 

If you have any additional questions regarding your renewal offer or your apartment in general, please do not hesitate to reach out.

 

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