Indicators for the future of the New Jersey rental market

Inflation has cemented itself as the main concern for Americans over the past year and for good reason. The United States has seen costs rise across every single sector, but few have grown faster than housing. The state of New Jersey holds the distinction of having the sixth-highest rents in the nation and has seen an astronomical rise in those rents, with annual growth rates peaking at nearly 33 percent in May of 2022.