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Rising Rents In 2014 Led By Small Cities

According to the Wall Street Journal, rents in Denver, Colo. rose 7.9% in 2014, second only to San Jose, Calif at 9.2%. The average rate rose 3.6% last year. (seanmugs/Flickr)
According to the Wall Street Journal, rents in Denver, Colo. rose 7.9% in 2014, second only to San Jose, Calif at 9.2%. The average rate rose 3.6% last year. (seanmugs/Flickr)

Average rents increased across the country by 3.6 percent in 2014, according to new data from the real estate research firm Reis, Inc. The average monthly lease rate is now $1,124.38, the highest number since Reis started collecting data in 1980.

It’s the fifth year in a row that rents have been on the rise, but this year rent increases affected residents in smaller and midsize cities, and not just the largest cities in the U.S.

Jason Bellini of The Wall Street Journal joins Here & Now’s Lisa Mullins to discuss.

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