- Jul 24, 2007
In what is normally considered prime leasing season, rents declined nationally by .3% month over month, with the largest drops in gateway markets, according to Yardi Matrix.
I am continuing to watch this trend. Not sure if it will lead to blood in the streets but it certainly has the potential.
It does not take much to make a trend. Construction has been going gang-busters for a number of years. If the job market does not pick up, there will be problems in the rental market eventually.