Landlords are easing off on concessions in Manhattan’s tight rental market as vacancies gradually shrink. The tightening of vacancy in May is part of a wider trend seen over the past year, according to Douglas Elliman’s latest rental market report. The rate is now 1.65 percent, down from 1.85 percent at this time last year. The number of new leases fell 7.7 percent year-over-year to 5,796, according to Elliman. Compared with Brooklyn and Queens, where […]
source https://therealdeal.com/2019/06/13/manhattan-landlords-offering-fewer-concessions-these-days/
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