According to recent data, rents for one-bedroom apartments have declined by 9% year-over-year, with the average rent now standing at $1,566. This decrease in asking rents represents a significant shift in the rental market landscape, as prices have hit their lowest level in 2 years. This trend is likely to have a substantial impact on both renters and property investors alike.
Key points:
– One-bedroom apartment rents down 9% year-over-year to $1,566
– Asking rents for new apartments at their lowest level in 2 years
– Potential implications for both renters and property investors
For more information on this topic, please visit “Asking Rents for New Apartments at Lowest Level in 2 Years” on the Weekly Real Estate News website.
You can read this full article at: https://wrenews.com/asking-rents-for-new-apartments-at-lowest-level-in-2-years/
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