Washington landlords use concessions to manage oversupply

08/25/2009 | Washington Post (tiered subscription model), The

A flood of new, upscale apartments in Washington has led to landlords offering concessions, including the waiving of security deposits and up to two months of rent. "The thing about concessions is they are contagious," said Julie A. Smith, a partner at the Bozzuto Group. "All you need is a few owners to start doing them and everyone jumps in."

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