By 2005, her rent increased to $940 from $839 a month.
Rents in the last two years have increased about 20 percent.
Rents increased by 24% in the year to 25 March 2011.
Under the proposal, the annual rent would increase from $150,000 to between $1.6 and $2.2 million.
"And compared to a couple years ago, rents have really increased."
His original monthly rent, $325, increased over the years to $1,500.
Even though his rent will increase about 300 percent, to around $3,000 a month, he said the growing businesses should make it worthwhile.
Schools are packed with children, rents have increased and the economy has come alive.
The rent in 2010 increased to $300,000 per month.
The time when property values and rents automatically increased each year had become a thing of the past.