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by RC_ITR 1482 days ago
If everyone who left was living in a 2 bedroom with a roommate and now that space is a one bedroom with a home office, then why would rents fall?
2 comments

Presumably the willingness to pay a given amount from just one person’s income is lower than that of two people’s income. Add in additional temporary uncertainty in big parts of the tech market and I can see a lot of currently occupied units having a tenant not willing to renew as-was.
Is the former roommate paying twice as much? If not, their rent has fallen, for statistical purposes.