Daily Archives: January 13, 2009

Apartment Rental News Update: First Rent Decline in 5 Years

Reis, Inc, a trusted provider of commercial and residential real estate analysis, last week reported that rents had declined for the first time in over 5 years. In the last quarter of 2008, asking rents fell .1 percent to $1,052 and effective rents fell .4 percent to $996. Renters across the nation have been unwilling [...]