Coronavirus Is Sending Luxury Rental Markets on a Rollercoaster Ride

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San Francisco's rental market 'is in free fall.' But things are looking a lot rosier in Miami, where Northeasterners are scooping up luxury units.

Scott Zawitz and Luis Gonzalez already lived in a downtown Chicago rental, but had their eye on their dream home: A $14,900-a-month, four-bedroom spread on the 72nd floor of NEMA Chicago, a new 76-story luxury tower overlooking the city’s Grant Park.

Then the new coronavirus hit, and in April, Mr. Zawitz was able to negotiate both a discount and two months free, yielding a $12,742-a-month rent on a two-year lease. They moved in April 20.

 

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Nobody wants to live in dictatorship so move to republican states

Yes like total free fall where a small 500sq foot space now rents at 5000 a month down from 5025 a month.

This is great

Я переживаю

Foreign buyers from South East Asia have strong purchasing ability as well

Great news on SF. Chicago will implode

The pic is Chicago, though

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