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Real Estate/Development

Feb. 4, 2003

Apartment Landlords Cut Rents as Demand Weakens

BY RAY A. SMITH Dow Jones Newswires Good news for tenants: Apartment rents are falling again. Landlords from Atlanta to Seattle are being forced to slash rents because of anemic demand. Overall, rents fell 1.1 percent in the fourth quarter, after edging up in the two previous quarters, according to Axiometrics Inc. , a Dallas-based research firm.

        BY RAY A. SMITH
        Dow Jones Newswires
        
        Good news for tenants: Apartment rents are falling again. Landlords from Atlanta to Seattle are being forced to slash rents because of anemic demand. Overall, rents fell 1.1 percent in the fourth quarter, after edging up in t...

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