No end in sight

It's a nice problem to have — if you're an apartment developer.

Thanks to the last decade's condo conversions and subsequent foreclosure crisis, pent-up demand, a lack of new supply, population influx and changing tastes, apartment and rental landlords have been able to hike rents in Florida precipitously over the past few years.

In Pasco County, for example, rents spiked by 60% between 2001 and 2014, according to a leading rental research firm.