Guess what rent on a 1-bedroom apartment in New York is…

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1 bedroom apartment in New York

Fellow 10X’er…

Rent on the median 1-bedroom apartment across the country is now $1450.

Which is insane.

Want to know what it is in New York?

Before I give you the answer, I want to make sure you’re in on a little secret…

I sent Jarrod a mystery briefcase.

He thinks it’s a joke… 

But what’s inside is a game changer.

I did play a little prank on him though.

Check it out.

OK, back to the content.

The National Rent Report is in.

And – no surprise – rents are up all across the board.

At least in the places most people want to live…

  • Greensboro, NC is up $1,060 a month versus last year.
  • Durham, NC is up $1,270 a month.
  • And Nashville, TN – up $1,780 a month.

But those are the biggest increases

What are the highest rents in the nation for a 1-bedroom apartment?

They are…

  • Boston – $2,600 a month
  • San Francisco – $3,100 a month
  • New York – $3,780 a month


You might ask yourself…

How can people afford these rents?

My answer is… I don’t know.  But they do.

Why Miami is My Favorite

And, my favorite is…

Miami @ $2,500 a month.

Why?

Because I’m involved in a lot of multifamily real estate projects there.

And people are continuing to flock to the Miami area.

So, my occupancy levels are through the roof.

And with rents on the rise…

Higher valuations and higher cash flow should follow.

As I keep saying – inflation only hurts if you’re on the wrong side of it.

If you don’t own cash-flowing assets, it’s time to get them.

10X, every day.

– Grant

What’s in the Mystery Briefcase?

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.