Better tenants. And there is competition for high-income tenants, particularly areas like Capitol Hill which are gentrified. Most people don't want to pay $2,10

Better tenants. And there is competition for high-income tenants, particularly areas like Capitol Hill which are gentrified. Most people don't want to pay $2,100 a month for a 1bd, but the ones who do are worth getting in the door and generally work for tech companies. Example - I didn't have to pay a security deposit for my last place due to working at Microsoft. It didn't really impact my decision to live there, but it might have if there was competition in their price range.