This US region is seeing the biggest rent declines as owners struggle to fill vacancies, Redfin says
Austin, Texas
Brandon Bell
- Metros in the Sun Belt are notching the steepest rent declines in the country, Redfin reported.
- The pandemic-era demand that led to accelerated construction has since subsided, leading to more vacancies.
- These declines are happening as rent rises nationwide.
The country's steepest rent declines are happening in metro areas across the Sun Belt as pandemic-era demand spikes subside, Redfin reported Friday.
Leading the regional trend is Austin, Texas, where rent fell 6.
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