Long Island Cheat Sheet: Rents rise across LI as high-end supply trails demand … & more

Rents rise across LI as high-end supply trails demand Long Island’s newest and nicest apartments are being snapped up by young professionals and well-off people without children, thereby driving up the prices of the high-end rentals, Newsday reported. In Nassau County, the average rent for a units in multifamily buildings was $2,257 in the first quarter — that’s up 3.2 percent from a year ago and nearly 30 percent from five years earlier, according to […]Home Page,Commercial Real Estate,Douglas Elliman,long island,Residential Real Estatehttps://therealdeal.com/2018/07/16/long-island-cheat-sheet-rents-rise-across-li-as-high-end-supply-trails-demand-more/