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, […]
source https://therealdeal.com/issues_articles/residential-market-report-13/#new_tab
No comments:
Post a Comment