Originally Posted by
VS
usually the new property in the similar location will cost more and thus they have to ask for more for rental. Likely the older ones can still maintain the rental rates. If the property is getting too old, then just continue to rent and wait for enbloc
If your new project is near to some old ones, then good luck, those old ones rental can go ridiculously below market as those could be purchased during the low.
The new project rental can never beat them.
A bottle of Lafite '82 for all my coffeeshop friends yesterday...many don't know what is it....haha...