'Pandemic pricing' is here. Rents are dropping across the US

All those buildings with fancy amenities were competing with each other to offer gyms, pools and movie lounges. Not only are the perks not enticing anyone right now, many aren’t even open or usable.

Most in demand now: home-office space, an in-unit washer and dryer and outdoor space, said Paces. “People’s offices are closed until January and they are taking that into consideration when looking for apartments.”