That the rental market is slowly improving? Per Dupre and Scott, “Rents peaked in late 2008 and bottomed out a year ago. Since then they have been rising, but rents are still below their peak level. In the past 12 months, rents climbed 2.5%.” Tenants are demanding high end finishes and rental value on new construction and fully remodeled units went up 6.1% in the same period. In order to get top rents, landlords will need to update their rentals.