BAY COUNTY, Fla. (WJHG/WECP) -
The cost of rising rent https://www.wjhg.com/content/news/The-Cost-of-Rising-Rents-507697761.htmlPatrick Hargrove is looking for an apartment. He said, "About at the two-month window before when my lease was going to expire I got this letter. It's not an eviction notice, it's a vacate notice."
Now he's facing an all too common problem. "Rent is super high," said Hargrove.
His predicament is an issue many in the area are facing.
Local realtor Nathan Lawrence says he's seen rents go up as much 100 percent and sometimes even higher. "So I suspect it's simply supply and demand, the economics of that. You know, one of two things has to happen--supply has to go up or demand has to go down so until one or the other happens I don't think you're gonna see any change in pricing," said Lawrence.