In China’s Surging Property Market, Falling Rents Point to Economic Pain

BEIJING—Rents in China’s big cities have been falling in recent weeks, a sign of economic uncertainty in China’s otherwise gravity-defying residential property market.

Nationwide, average residential rent levels in large and midsize Chinese cities fell more than 2{f08ff3a0ad7db12f5b424ba38f473ff67b97b420df338baa81683bbacd458fca} in June from a year earlier, for a third consecutive month of declines, according to real-estate data company Beijing Zhuge House Hunter Information Technology Co.

Figures…