Concessions in Manhattan earned yet another superlative last month, rising to the third highest market share recorded in the past seven-and-a-half years. The share of new leases with concessions hit 44.3 percent in April, up from 28.6 percent at the same time last year, according to Douglas Elliman’s latest market report. The percentage of leases with concessions surpassed last month’s share, which clocked in at 41.7 percent, but fell short of January’s 49.3 percent— the […]
source https://therealdeal.com/2018/05/10/price-pressure-skewed-inventory-continue-to-drive-up-concessions-in-manhattan-rentals/
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