Center Square rent is becoming insane

I am seeing apartments for rent in center square that are $2,000+ for a small space, an apartment with no updates since 1970, even GARDEN LEVEL STUDIOS!!! What are people thinking? Yes the location is nice and accessible, but you are crazy for contributing for the housing crisis by charging $1,800-$2,000 for a 1 bedroom.

I moved here over 5 years ago and my one bedroom apartment was under $1,000 a month with more utilities and amenities included than any of the listings out there today.