Since March, rents are down in 41 of the 100 largest cities in the US, according to the Apartment List National Rent Report.
In the same timeframe last year, only five cities experienced a decline in rent prices and, and only two experienced a drop of more than one percent.
Rent growth has even been sluggish in cities where it was positive. Sixty-three of the 100 largest cities are currently posting slower year-over-year rent growth than at this time last year.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
