Century City: Asking Rents Drop

Here's more evidence that rentals are remaining flat or dropping. In February we wrote about a potential renter who looked at a 2 bed/2 bath apartment in Knightsbridge at Century City. The asking rent was R6 500 (down from R7 000) and the owner was getting "desperate".

Today the asking rent for a 2 bed/2 bath apartment in Knightsbridge is R5 500. That's a R1 000 drop in asking rent in under a year.