Is there something wrong with this apartment?

Last week, I went to tour a studio apartment unit in this gorgeous building in one of the most coveted neighborhoods in the city that I live in. I had actually heard of this apartment building before since it’s well-known throughout the city, but didn’t know how gorgeous it was until I saw it, so I went into the tour with no expectations or info other than knowing that the building is well-known throughout the city.

I tried to go into my apartment search not getting attached to any apartments, but of course, I fell in love with the unit, the building and the neighborhood. The price of the studio apartment is currently $1,525/month and was previously $1,550/month a week before I toured it. Studios in this building usually go for around $1,725/month. During my tour, there was nothing sketchy at all about the building, management, the leasing agent who gave me the tour, the leasing agent’s company or the unit at all. Absolutely no red flags.

The leasing agent mentioned the studio has been available for a little over 60 days. I did wonder why very few people had applied for the unit since it’s in a popular neighborhood, the rent keeps decreasing and the building is modern and has many amenities. My mom thinks it’s a red flag that the studio has been on the market for over 60 days and that few people have applied. By the way, the leasing agent did not seem pushy and did not have scammer vibes. He was very nice, helpful and at the very least seemed like he wanted to fill the unit as soon as possible, telling me he would take down the rent to $1,495/month if I moved in by 7/15. His management company also has great reviews online.

The people who live in the building don’t seem sketchy at all and they all seemed to like living there and like taking advantage of the many amenities. I saw older residents, grad students, young parents with babies, wealthier people, etc. I know for sure that the rental market in my city is booming, but my guess for the unit vacancy is that most people my age would prefer to live in a rowhome vs an apartment building in this city or maybe they can’t afford the rent.

Am I missing any red flags here and should I be worried or double check with the leasing agent/ask more questions to find out why the unit hasn’t been rented out yet?

Thanks in advance!

submitted by /u/cola2346
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Last week, I went to tour a studio apartment unit in this gorgeous building in one of the most coveted neighborhoods in the city that I live in. I had actually heard of this apartment building before since it’s well-known throughout the city, but didn’t know how gorgeous it was until I saw it, so I went into the tour with no expectations or info other than knowing that the building is well-known throughout the city. I tried to go into my apartment search not getting attached to any apartments, but of course, I fell in love with the unit, the building and the neighborhood. The price of the studio apartment is currently $1,525/month and was previously $1,550/month a week before I toured it. Studios in this building usually go for around $1,725/month. During my tour, there was nothing sketchy at all about the building, management, the leasing agent who gave me the tour, the leasing agent’s company or the unit at all. Absolutely no red flags. The leasing agent mentioned the studio has been available for a little over 60 days. I did wonder why very few people had applied for the unit since it’s in a popular neighborhood, the rent keeps decreasing and the building is modern and has many amenities. My mom thinks it’s a red flag that the studio has been on the market for over 60 days and that few people have applied. By the way, the leasing agent did not seem pushy and did not have scammer vibes. He was very nice, helpful and at the very least seemed like he wanted to fill the unit as soon as possible, telling me he would take down the rent to $1,495/month if I moved in by 7/15. His management company also has great reviews online. The people who live in the building don’t seem sketchy at all and they all seemed to like living there and like taking advantage of the many amenities. I saw older residents, grad students, young parents with babies, wealthier people, etc. I know for sure that the rental market in my city is booming, but my guess for the unit vacancy is that most people my age would prefer to live in a rowhome vs an apartment building in this city or maybe they can’t afford the rent. Am I missing any red flags here and should I be worried or double check with the leasing agent/ask more questions to find out why the unit hasn’t been rented out yet? Thanks in advance! submitted by /u/cola2346 [link] [comments]

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