Right now, the Orlando real estate market is seeing historically high rents. Rents in the are have risen continuously in the last couple of months. In fact, since March 2020 rents in Orlando have increased by an average of 14%. Right now, the average cost of rent in the Orlando market is around $1500.
Demand for Orlando real estate is going up. This is a big reason why rent prices are going up almost daily. Due to the pandemic, there is a lack of housing supply on the market. In addition, there is also continued population growth. These factors are amongst the main ones accounting to the rents rising.
Although the rises in rent are not ideal, they are a clear indicator that the economy is recovering from the effects of the pandemic.
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