New York’s strong rental market is winning off the back of sluggish sales. Rents increased year over year this September in Manhattan and Brooklyn to $4,336 and $3,366, respectively, while concessions fell, according to Douglas Elliman’s September report, authored by appraisal firm Miller Samuel. In Manhattan, the share of new leases signed with an owner paying broker fees and concessions was 34.3 percent, down from 37.4 percent in the same period last year. In Brooklyn,
source https://therealdeal.com/2019/10/10/rents-tick-up-and-concessions-fall-amid-broader-economic-uncertainty/
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