u/Medical_Tension_6866

My renewal offer is +$275 this year (last year was +$275 and the year before was +$100) - is this normal for the market? I attributed the increase last year to the change in broker fees / the landlord building that into the rent. I’ve been in a Brusco owned apartment for 3 years and wanted to know if this was normal for the market right now or is it because they used to profit heavily from broker fees and don’t any more (in house they used to be the broker, the maintenance, etc and now are losing the money they used to bring in from their broker operations)

This is for a studio apartment for context

2026: +$275

2025: +$275

2024: +100

2023: +75

What can I do about this situation?