No, not the concession stand at the ballgame or the circus. Although, the apartment rental market has turned into a bit of a circus recently. My reference to concessions concerns the FREE rent and discounts landlords are shelling out to attract renters right now. The Triangle vacancy rate sits at about 9.5% as of September 2009 and rents have declined more than 1% or 2% in some markets over the last 12 months. The News & Observer ran a feature on this today.
It seems like a natural market cycle with the unemployment rate rising and the overall softening we've seen in the economy. Are YOU lowering rents or working harded to keep units occupied?
1 comment:
[B]NZBsRus.com[/B]
Skip Laggin Downloads With NZB Downloads You Can Rapidly Find Movies, PC Games, MP3s, Software & Download Them @ Accelerated Rates
[URL=http://www.nzbsrus.com][B]Usenet[/B][/URL]
Post a Comment