Eight Useful Strategies for Renegotiating Rent
- Date: 22-Oct-2020
- Source: Bloomberg
- Sector:Real Estate
- Country:GCC
Eight Useful Strategies for Renegotiating Rent
Contributors: Suzanne Woolley
Updated on October 22, 4:30 AM EDT
What You Need To Know With apartment vacancy rates soaring in real estate markets from San Francisco to London to Singapore, renters finally have leverage.Some landlords would rather give tenants a break on rent than risk having apartments sit empty after tenants find better options. And the deals are out there: The monthly rent for a Manhattan studio apartment has fallen 17% from last year, and the number of listings has tripled. Bay Area studio rents have plunged 31%. In London, rents may fall 5%
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