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News@lemmy.world · 2 years ago

Apartment rents are on the verge of declining due to massive new supply

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Apartment rents are on the verge of declining due to massive new supply

return2ozma@lemmy.world to

News@lemmy.world · 2 years ago

A year ago, rents were posting 11% annual growth. Now they look like they're about to go negative year over year.

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reallynotnick@lemmy.world
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2 years ago
I got my rate to stay the same and 2 months free rent on resigning this year, and they offered me the 2 months after I already signed the renewal so that was shocking. I think my building is struggling to keep tenants.

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