ORLANDO, Fla. – The Orlando real estate market is seeing the highest rent hikes in history. Experts say the surge is unprecedented and can be blamed on the housing market.
Rent in the City Beautiful isn’t looking so pretty. In the last year, rent in the Orlando market has increased nearly 14%, according to CoStar Group which is a company that analyses the housing and commercial real estate industry.
“We’ve never seen demand like this in Orlando,” said the Director of Market Analytics in Florida for CoStar Group Brian Alford. “If you look at the market, all of Orlando is seeing record levels of rent growth.”
The average cost for rent in the Orlando…