Are we going to see this trend start to impact certain areas of Florida and the southeast United states? It may already be in effect but we may also be insulated with pros related to Florida that many others states don’t have. (i.e. – weather, taxes, business, etc) – Sean Dreznin, Dreznin Pappas Commercial Real Estate LLC
Laura Stewart, Editor at LinkedIn News and below commentary by David Auerbach
🏙️ Why “Free Rent” is the New Normal in Sunbelt Cities
The rental market in the Sunbelt is shifting. While coastal cities like NYC and LA remain hyper-competitive, cities like Phoenix, Denver, and Charlotte are seeing a massive surge in rent concessions.
🌵 The Phoenix Phenomenon: 54% of rentals in the Phoenix metro area now offer at least one month of free rent.
🏠 Luxury Glut: A pandemic-era construction boom has led to an oversupply of high-end apartments.
📉 Strategic Discounts: Landlords are offering 1 to 3+ months free, plus perks like Amazon gift cards and sports tickets, to maintain “baseline” prices for investors.
💵 The Price Gap: While luxury rents are dipping (down 4% in Phoenix), lower-income housing remains scarce and expensive.
🔍 The Bottom Line: These deals won’t last forever. As construction slows, experts predict the “pricing power” will shift back to landlords within the next 12-18 months.
https://lnkd.in/gntJRSNk
Rent Concessions Are on the Rise in America’s Sunbelt Cities
The Commercial Real Estate Alpha Site 
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