What’s the decent location? Even without parking rent that seems extremely low for sf. Also luxury?
Luxury buildings are the primary ones offering more 1-2 month concessions, which really means rent has dropped another 18% than what is listed.
And this is without evictions on tenants, or foreclosures on homeowners. Both of which can't really get started until November or January due to local regulations and now backlog. This is with purely voluntary departures.