(Crystal Proenza is associate editor of Real Estate Florida.)

GAINESVILLE, FL-A new University of Florida study finds the rental market in all commercial real estate sectors, especially apartments, is taking a hit from the current economic downturn. Fifty-five percent of the results of the report were based on responses from appraisers, while the remainder of responses were gathered from brokers and consultants.

“The biggest surprise is how notable the downturn in the state of the apartment market appears to be,” Wayne Archer, director of UF’s Bergstrom Center for Real Estate Studies, said in a release. “It could be that people are trying to save money by doubling up and sharing accommodations with roommates, reducing the demand for apartments.”

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