Bubble Wrap
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Year-End Rental Report: Sour Finale for Manhattan Landlords
The Real Estate Group New York recently released their year end rental report and Curbed has the summary.
According to TREGNY, December was the worst month for landlords, with most units “down significantly.” The concessions offered by landlords in the waning days of 2008 should continue and multiply through 2009. Those looking for deals should probably head to Gramercy; a quick glace at the report’s neighborhood-by-neighborhood breakdown shows some stunning drops in the area, including a 20% decline in rents on non-doorman two-bedroom apartments.
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posted about 11 months ago
