Manhattan’s improving rental market, soaring home prices in the Bronx and more of the biggest trends in resi right now

Manhattan’s rental market improves The luxury sales slump continues to be a silver lining for Manhattan’s rental market. Rents rose in February as would-be buyers took refuge in rentals, according to a Douglas Elliman report. The median net effective rent rose 4.1 percent year-over-year, to $3,297, the second straight monthly increase in Manhattan. The share of new leases with concessions was 41.6 percent, compared to 47.6 percent a year earlier. “The rental market is turning, […]

from The Real Deal New York http://bit.ly/2P2GTo4

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s