Rent increases are slowing, but Charlotte prices are still going up way faster than average

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THE CHARLOTTE OBSERVER (January 4, 2017) – Nationally, skeptics are questioning how long the apartment boom can continue as rent gains slow and thousands of new luxury units hit local markets coast-to-coast.

But it still looks like there’s room to run in Charlotte, where rent gains last year outpaced the national average. The average price for a one-bedroom in Charlotte in December, rent-tracking service Zumper reported this week, was $1,110. That’s up a whopping 14.4 percent from the same month last year.

To read more, visit: http://www.charlotteobserver.com/news/business/biz-columns-blogs/development/article124371469.html

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