Avalon rent: renewal 41% higher than new tenant - new high.

That's a new high in this one example. Apparently, the business model is to hook new tenants with outrageous rents, then increase the rent every ten months until the tenants leave. It seems counter intuitive but it probably makes money or Avalon would't do it. Here's the box score:

			from 722	from 722	from 1122	from 1122
	unit	12/15/2017	dif	% dif	dif	% dif
renewal	1122	$4,386	$1,276	41.03%	$365	9.08%
rent 4/2017 - 2/2018	1122	$4,021	$911	29.29%
for rent	722	$3,110

Read the previous post about Avalon for context:

Avalon rents can vary by more than 28 percent in the same apartment line in the same building. Renewal: 39% higher! SUNDAY, NOVEMBER 12, 2017