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They did initially, but I just finished renting out my place and it went for 10% above prepandemic levels in less than a week. Maybe an outlier, but there are definite signs that rents are going back up.
I snagged an apartment for an amazing price in late April, but have noticed a steady increase in rent prices overall since there.
Places are still offering 1 month free, but you’re most likely not going to find deals like there were in Jan - April again
Check out Cosmopolitan in Lorton
They are going back up for sure.
I watched closely over the past year, they were the lowest I’ve ever seen about Jan-Mar, then they started creeping up and now it’s basically back to normal prices with the addition of maybe one or two months free but I’m sure that won’t last long
Yep! I’ve noticed that too, those concessions are usually on 12+ month leases. Sneaky sneaky lease management
I was watching them pretty closely. Dip was huge, and now they seem pretty close to back where they were.
Negotiated 1 free month of rent and for monthly rate to stay the same when I agreed to renew for 16 months back in July 2020.
Pro
Just finished an application for a place in Navy Yard. 2 months and application fee waived. There are several specials like that still around.
Rent is back up because more ppl are forced to rent. Was looking for a place for my mom and it’s crazy.