Rents are Collapsing in Some of America's Biggest Cities

[Jonathan Twombly]

The Real Deal reports that rents are collapsing in some of America's biggest cities.  The article does not specifically say this, but this is no doubt related to the fact that development has been concentrated for ten years in certain submarkets of certain cities, with the result that there is a glut of rentals on the market.  The article focuses in particular in Chicago, which has the added headwind of decreasing population, though some people in the comments say that this is a "tale of two cities" issue, where population and rents are rising in certain parts of the city and declining in others.

Also, so far, rents continue to grow in smaller cities . . .

Here's the link.