Manhattan’s median rents took a hit as the market share of leases with concessions continued its rising streak. And the state of the market — rampant with incentives and listing discounts — is unlikely to change anytime soon. “I don’t see how you could say otherwise,” said Jonathan Miller, CEO of appraisal firm Miller Samuel and author of Douglas Elliman’s rental report. “It’s more of the same.” Median net effective rent fell 1.9 percent year […]
source https://therealdeal.com/2018/12/13/manhattan-rental-concessions-keep-growing-especially-in-new-dev/
No comments:
Post a Comment