The collapse of rental concessions

From the November issue: In early September, Citi Habitats broker Jason Burke put his listing for a three-bedroom condo at 218 West 22nd Street on the rental market for $6,500 a month. While the owner planned to cover the full commission, weeks passed and the Chelsea unit remained empty. After 30 days on the market, Burke advised his client that there was only one real option: It was time for a price reduction. He and the owner agreed […] Read More >> https://therealdeal.com/issues_articles/the-collapse-of-rental-concessions/

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