The era of the coronavirus has hit the rental markets, too. Landlords all over are being forced to dramatically lower rents to make their units more affordable...so they can fill them. Here are the cities seeing the biggest drops in rents for studio apartments as compared to the previous year:
- San Francisco, California- 31%
- Wayne, Michigan –23%
- Santa Clara, California –19%
- San Mateo, California –18%
- New York, New York –15%
- Honolulu, Hawaii –15%
- Allegheny, Pennsylvania –15%
- Middlesex, Massachusetts –15%
- King, Washington –12%
- Alameda, California –12%
Source:Yahoo Finance