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

return2ozma@lemmy.world to News@lemmy.world – 151 points –
Apartment rents are on the verge of declining due to massive new supply
cnbc.com
29

You are viewing a single comment

A friend of mine lived in downtown Boston during the pandemic. Like, across the street from the Garden. His building lost a TON of tenents when people fled the city since they could now work remotely. He was going to move as well, but then the building offered to reduce his rent by $700/month if he stayed. So he did.

So how much have they jacked it back up by?