According To The Northeast Tennessee Association Of Realtors, Rent In The Tri-Cities Has Jumped 50-Percent Since The Pandemic. The Report Also Shows Multi-Family Housing Is The New Hot Trend In Commercial Real Estate. According To Netar President, Rick Chantry, The Local Multi-Family Vacancy Rate Is Lower Than The National Average, And Second Lowest In East Tennessee, Which Is Driving Rent Higher. Housing Market Expert, Don Fenley, Said He Doesn’t Expect Rent Costs To Come Down Anytime Soon.