Turnover is way up, demand has dropped and thus rents are flat or falling.
Private rent in this area usually falls between £60 - £75 per week.
Over all, rents for prime space on the west side of midtown fell from $37 a square foot in 1990 to $31 last year.
Late in 2003, rents were falling in 85 percent of markets.
Some say rents on Columbus are falling after peaking a few years ago.
Commercial rents are falling for the first time in a decade.
And as the decay grew worse, the rents fell until students at the growing university could afford them.
The anticipated market-rate rents will fall between $875 and $1,650.
No landlord wants to have an empty property and rents will fall to meet demand.
But rents in the broader market have fallen steadily since 2000.