u/Realistic-Drop3346

I used to live in downtown in 2017, it was about 1,100 for a 1 bedroom. Now I’m looking at prices in the same building and it’s 1700-1900 for a 1 bdr? Why did prices jump so much? Is it just inflation?

Edit: It seems Ive pissed a lot of people off with this question, pls forgive my ignorance as that was not my intent. Still doesn’t make sense to me why the prices changed as much as they did but atleast I’ve learned this is a sensative topic