I don’t know much about UTC rent, but for MM rent, $1500/month is definitely higher than what it was a year ago. Remember that rent is higher by about 5-10% during summer vs winter for a 2bed/2bath apartment. A 2bed/2bath apartment in Summer 2007 was around $1350-1400 and winter 2007/2008, it was around 1300-1350. So, now that it’s $1500/month during winter month is not a softening. They probably are just trying to get rid of a few unit during winter months. You will always find better deals around this time vs May-August.
