Big-city apartment rents are seeing big declines during pandemic, except in Dallas via Dallas Morning News

Some big-city markets are seeing huge declines in apartment rents thanks to the COVID-19 pandemic.

Looking nationwide at one-bedroom units, monthly rents are still up about 1% from a year ago. But in some of the biggest U.S. apartment markets, there have been huge declines in monthly rental rates.

The biggest drops are in San Francisco, where the median rent on a one-bedroom apartment has fallen more than 27% during the last year.

Read more...Big-city apartment rents are seeing big declines during pandemic, except in Dallas via Dallas Morning News