Augusta-area condominium rents expand additional highly-priced

A sign outside the former Richmond County Board of Education building on Heckle Street advertises apartments for lease.

Not only are Augusta-spot apartments rents soaring, but individuals weathering the housing scarcity are keen to pay back. 

The average lease for a one-bedroom apartment in the Augusta genuine estate sector is in between $845 and $849, in accordance to a pair of on the net marketplaces that curate inventories of obtainable condominium rentals – respectively, and A two-bedroom is jogging about $950 according to Zumper and $993 according to ApatmentList.  

“The demand from customers is potent,” said Bryan Haltermann of downtown true estate developer Haltermann Partners. Of about 60 of his Broad Street apartments, he stated, “All of our units are occupied.” 

Local demand from customers has risen among 11% and 13.1% over this time very last yr all through the COVID-19 pandemic, in accordance to the online analysts, calculating Census info with details from on line real estate websites and the U.S. Department of Housing and City Development, among other resources.