As landlords get more aggressive with pricing, more Manhattan tenants aren’t sticking around. In March, the borough saw a 21 percent jump in new leases, according to Douglas Elliman’s latest rental market report. That indicates that more tenants are choosing to opt for new leases rather than renew existing ones, as landlords push for higher rents, said Jonathan Miller, CEO of appraisal firm Miller Samuel and author of the report. “It’s not a big rush […]
source https://therealdeal.com/2019/04/11/manhattan-tenants-are-pushing-back-against-landlords-raising-rent/
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