In my country, rents are increasing now after the markets have already been flat or down, the startup boom has long fizzled out, and there are layoffs almost ev

In my country, rents are increasing now after the markets have already been flat or down, the startup boom has long fizzled out, and there are layoffs almost every day. It's baffling. Rents were down during the pandemic but they've now rocketed up 50-100% in some areas.