“租金从高点降了近三分之一”“出租4年，最后只赚了个装修钱”……上海房东们的心态变了

Core Insights - The average rent for landlords in 55 key cities in China has been declining for 11 consecutive months, with Shanghai experiencing the most significant drop [1][2][9] - Shanghai's personal rental prices have seen a year-on-year decrease of 11.78%, indicating a substantial market shift [3][9] Rental Market Trends - The increase in high-quality affordable rental housing projects has been a significant factor in the ongoing pressure on personal rental prices [3][4][7] - In Shanghai, the supply of affordable rental housing has exceeded planning targets, with over 30,000 units provided, leading to a rental rate of over 80% [6][7] Landlord Sentiment - Landlords are feeling the strain of continuous rent declines, with many expressing a preference to leave properties vacant rather than reduce rents significantly [9] - The sentiment among landlords has shifted, with some willing to lower rents slightly, while others are resistant to further reductions [9]