2024/2025 Rental Properties outlook (not multifamily)

I keep hearing how rental prices are going down but I do not see it when I casually look at the rental properties. 

While multi family and new built luxury high rises might be going down it does not appear to affect more desirable properties that offer more space, amenities, better locations.

I am in South East in a desirable area.

What is your take on rental outlook?