High End Rentals -- Market Forecast
My realtor is seeing an increase in renters who are looking for high end rental properties. That is, properties in the best neighborhoods that rent at rates more than double that of a nice rental property in other neighborhoods.
I can build a list of pros and cons regarding this small segment of the market, but I'm more curious right now about the current trends and the forecast. Is anyone else noticing a higher demand in this niche, and what do you think the future holds?