According to CoinMeta and data from the China Index Academy, in October, the average rent for residential properties in 50 cities was 33.87 yuan per square meter per month, a decrease of 0.28% month-on-month, which represents an expansion of the decline from 0.11 percentage points in September; year-on-year, it decreased by 2.02%, with the decline narrowing by 0.21 percentage points compared to September. "The slight expansion in the month-on-month rent decline in October is a normal adjustment due to the decline in demand during the off-season," said Cao Jingjing, General Manager of the Index Research Department at the China Index Academy. The fourth quarter is traditionally a low-demand period for the housing rental industry, with market activity significantly decreasing, and landlords' expectations for listing prices also easing. A few core cities still maintained their price resilience. That month, there were 5 cities among the 50 where residential rents increased month-on-month. Among them, as of October, Shanghai and Shenzhen had seen consecutive 8 months of increasing rents. Data shows that in October, the average rent for residential properties in Shanghai was 85.04 yuan per square meter per month, a month-on-month increase of 0.25%, with most districts continuing this upward trend, with Xuhui, Songjiang, Fengxian, and Hongkou districts leading in the increase; in Shenzhen, the average rent for residential properties was 83.21 yuan per square meter per month, a month-on-month increase of 0.11%.