Half of all apartment buildings reduced rents in the first quarter of 2009.

I was amazed to hear that half of all apartment buildings reduced rents in the first quarter of this year. I would love to hear why you think about this BusinessWeek article. What is causing such a large reaction by landlords? With the economy the way it is right now, I would have expected more people to be looking for apartments and thus raising the demand and rent…

Technorati Tags: Apartment, Landlord, Rental