Property managers offered free rent to attract residents at roughly one-third (30.0 percent to 35.0 percent) of apartments in cities including Las Vegas, San Antonio and New York.
Starbucks runs its own stores, and with retailers wilting across the U.S., landlords stuck with vacant storefronts are starting to cut rents.
Despite this sector’s exemplary performance, it has become increasingly difficult for developers to secure construction loans from banks.
