Average rental revenue grew 12.2 percent in the third quarter over the same period in 2021, according to the third quarter Baird/RER Equipment Rental survey.
The rate of growth slowed slightly from the second quarter, which recorded an increase of 14.3 percent over Q2 2021.
Rental rates increased 4.8 percent in the third quarter, compared to 2021, which was up slightly from the increases reported in the first and second quarters: 4.5 percent.
Source: RER
