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News@lemmy.world • 1 year 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

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News@lemmy.world • 1 year 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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16•1 year ago
I was just thinking this.

My apartment complex is at 40% capacity. Since I’m in the process of moving, I’ve been paying attention to rentals.

I noticed a bunch of new apartment complexes also have low capacity. I could be making a guess though. Rentals are so high right now.

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