If that leasing agent is amazing then the higher the splits that the leasing agent can command.

Let's further suppose that $4k could be used to upgrade the kitchen, which would let it command $75/mo in additional rent.

**Population Density and Demand**: In areas with high population density and ongoing demand, rental units can command premium rents.

Many senior parks are very well kept and do command higher lot rents.

This included some landmark deals including Rockefeller Center’s $3.5B loan and Miami Beach’s Fontainebleau $1.2B refinancingAlternative lenders filling traditional banking gaps with short-term solutions which has already begun a cycle of consolidation that will likely continue and accelerate in 2025The Office Sector Divide:CBD property values are down 50.7% from 2021 peaksClass A office properties seem to be in their own vacuum of prosperity with trophy properties commanding premium rents ($100+ PSF nationally, up to $247 in top markets) with strong occupancyHybrid work continues impacting older building valuations which have not faired as well, but this may begin to rebalance as more companies are instituting mandates to return to physical officesChallenges & Opportunities:$1 trillion in loans maturing by 2026Interest rates up from 3.5% (2021) to 6.74% (2024)Experts such as AEW’s Michael Acton and Blackstone’s Nadeem Meghji see the best entry point in the last 15–20 years and we agreeMarket Outlook:Current market conditions present unique opportunities, with inflation-adjusted prices at historic lows and yields at decade highs.

I see really dated places for rent but they are sf and it makes sense to wait to renovate if you plan to sell later, even if rent commanded is less.

Their command forced their hand and issues went away quickly. 

AS your growing your portfolios I see this austerity plan working.. but I would say the biggest driver of young families is school districts at least were we live  its not like the deep south were far more kids go to private academy's .. so school districts will command much higher prices if they score well. . 

But yes, window units will definitely command lower rents. 

One of the REI commandments: Thou shall not buy in a market with persistently declining population.