THE BIG APPLE The U.S. house emptiness charge is expected to remain high in 2010 and rent progress is just not seen to renew until 2011, in keeping with a forecast by CBRE Econometric Advisors. A glut of single-household houses and condominiums available on the market has been a double-edged sword for apartment landlords, Nechayev mentioned. Markets such Austin, Baltimore, Boston, Chicago, Denver, Los Angeles, Seattle, San Diego, and Washington D.C have reported more occupied than vacant residences. Landlords in these cities supplied lease concessions to lure tenants or preserve existing ones, Nechayev said. The average U.S. apartment lease has been falling for the previous 12 months, right down to $1,156 within the third quarter.
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A glut of single-household properties and condominiums available on the market has been a double-edged sword for residence landlords, Nechayev said. Markets such Austin, Baltimore, Boston, Chicago, Denver, Los Angeles, Seattle, San Diego, and Washington D.C have reported extra occupied than vacant flats. Landlords in these cities supplied rent concessions to lure tenants or preserve current ones, Nechayev mentioned. The common U.S. house lease has been falling for the previous 12 months, right down to $1,156 in the third quarter.