Is it okay to renegotiate lease terms by reducing rent 10%?

[Derek Vaickus]

Some data shows that rents have already decreased 6 to 10% depending on region and location. My lease terms are currently up for renegotiation. What is a good approach and strategy to ask my landlord to reduce rent?

I love the place but I’m willing to stay for 2 more years if the rent is 10% less.