COLUMBUS, GA (WTVM) - "We a lot of transient populations with Fort Benning, we've got millennial students, so I think the fact that we've got people going to rental type options, yet there hasn't been a lot of new construction, that pressure may be why there's a little bit of price appreciation at this point," said the Chamber's CEO Brian Anderson.
Nearby Atlanta also gained attention in the study, but ranked ninth on the opposite end of the spectrum, with a two percent decrease in rent rates.
Despite the seemingly concerning findings about rent in the Fountain City, local chamber administrators say it's most likely temporary.
"It could be a spike, it could be all type of factors that make it a moment in time, but I think if you look at the overall affordability in Columbus, there's a lot of options whether you're renting or purchasing," said Anderson.
Columbus Chamber officials also add that some places with increased demands but limited availability to expand like the Uptown region, can see the biggest price increases for rental opportunities.
You can see the full ABODO study here.