russokumo t1_j9jxcp8 wrote
Reply to comment by chazthetic in Just got our lease renewal numbers. For a 12 month lease renewal, our rent will increase over 10%. I don't see how this is sustainable long term. by chazthetic
Alas this is how capitalism works. You squeeze and get higher margins anywhere you can.
Interest rates were the other huge driver. Many other portfolio buildings for these owners are commercial properties on floating rate debt that they are deeply underwater on. So they're probably trying to make up for it where they can.
Viewing a single comment thread. View all comments