CTBUH Global News
Jan24

Written by:host
1/24/2009 8:34 AM 

Glut In Vacant Condo Units Brings Down Rental Prices In Chicago Area  

Jan 19, Chicago

Like the situation in retail sales in which the hefty discounts benefited the shoppers, but created headaches for shops, a similar phenomenon is happening in the rental market in the U.S. Landlords are suffering from high vacancy rates as existing tenants downgrade rental rates, those who have some extra cash are moving into upscale addresses at lower costs....more

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