Rent growth ends, but high prices figure to persist – Robert Khodadadian

After months of record-breaking growth, New York City rents have finally flatlined. In August, the median rent in Manhattan slipped 1.2 percent from July to $4,100 and the median rent with concessions dropped 1 percent in the same period to $4,059, according to a report by appraisal firm Miller Samuel for Douglas Elliman. The dips mark the first time since February that Manhattan rents have not broken records, said report author Jonathan Miller, a sign

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Douglas Elliman, jonathan miller, NYC Rental Market, Rental Market, rents The Real Deal New York Read More

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