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SA luxury apartment rents hit hardest during pandemic

​SAN ANTONIO – COVID-19 resulted in an overall drop in the metro’s apartment​ rent prices, with the highest class of properties most severely affected. 

From March to May 13, the average rent dropped $9 to $969. 

Luxury apartments, which account for 23 percent of the market, dropped $14 to $1,229. 

The decreased rents can be attributed to renters avoiding moving during the pandemic. 

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​Source: San Antonio​ Business Journal

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