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How Is Inflation Impacting Property Maintenance Costs?

Property Maintenance Team - Milbrook Properties - PA, MD, NY, NJ, FL, DE

Commercial landlords with multi-family residential and other commercial real estate units under their possession are always looking for ways to keep their property management’s costs down. However, with inflation on the rise, this is becoming increasingly difficult. In this blog post, we will take a look at how inflation is impacting property maintenance costs.

The Impact of Inflation on Property Maintenance Costs

The Consumer Price Index from the U.S Bureau of Labor Statistics recorded an increase in January 2022, with prices climbing 7.5%. This is higher than any other year since 1982.