Quote:
Originally Posted by La Flames Fan
I've had that same experience. Feels like market lease rates should be pretty close to zilch, but lo and behold they haven't changed much? In a city with 30% vacancy?
Yikes.
|
Landlords have the opposite logic though in that the vacancies actually justify higher than market rates. When so many units are empty, they need higher rates from occupied units to make up the lost revenue.