Wait for a few months and you’ll see the asking rents drop from this wishful thinking asking amounts.
I know for a fact that the Downtown rental market is dropping. Properties have been sitting more than 2 months now since I’ve been helping a friend find a rental.
Just like buying, when renting, patience is key. Never rent the first decent place you find. You need to look at the classifieds for at least 2 months, and visit the places you’re interested in, before you get an idea of the market.
If you miss out on a place, don’t sweat it, there’ll be plenty of other rentals.
