Manhattan’s rental market has been getting back on track, thanks to cautious buyers. Pricing in the borough continued an upward trend as the market share of concessions declined, according to Douglas Elliman’s latest market report. The share of new leases with incentives fell to 36.9 percent in April, down from 44.3 percent a year earlier. At the same time, the median net effective price rose 4.4 percent to $3,379. “It’s more and more clear how […]
source https://therealdeal.com/2019/05/09/cautious-buyers-are-pushing-up-manhattan-rents/
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