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Rising Rents Are Hitting American Suburbs Hardest
“Suburban rent growth exceeds its urban counterpart in 28 of 33 metro areas, a new study finds”
“In St. Charles, Mo., about half an hour from downtown St. Louis, tenants started moving in last month to Chapter at the Streets, a new 245-unit apartment building. Developer CRG has leased up to 25% of the units so far, exceeding the company’s inital expectations, said Shawn Clark, the developer’s chief executive.”