Anyone renew their lease in a managed/luxury building recently? Was your rent reduced to reflect the lower market pricing offered to new residents?

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No, I haven’t but know many are getting 2-3 months free rent to move in. You might be able to get that type of deal. Landlords would rather give you some free time rather than drop their rates.

Not me, but someone I know was able to ge the “two month free” deal for new residents as existing residents when they renewed back in august. Can only imagine that you can get that or better now.

No, but there are 5 vacant apartments on my floor, so I really should have.

Have you renewed yet/how did it go? Wondering the same thing now

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