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Metropolitan DC Local Politics
Reply to "15,000 People Moved Out of DC During the First Part of 2020"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I hope rental prices will drop a bit. They've been too high for too long.[/quote] I have a rental between U Street and Logan. I have never, ever had any trouble renting it. My tenant left about two months ago and I haven't been able to find anyone new. I'm not quite ready to drop rent yet, but I'll probably have to do it soon. I can't imagine that this is a unique situation. I don't think prices are going to crash, but I do think there will be a lasting (at least mid-term) impact.[/quote] I work for a large property management firm in DC. Our condos in Arlington, Alexandria and DC are at the highest vacancy rates I've seen in 11 years. We have dropped rents across the board and still they sit vacant.[/quote]
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