Lease renewal -- am I getting a good deal?

what is the problem? are you looking for more of a discount?

sounds like a good deal. seems most LL's are trying to raise as much as they can.

"what is the problem? are you looking for more of a discount?'

I am not complaining. As a matter of fact I expected for the LL to ask for a slight bump in rent, so was pleasantly suprized when I saw flat rent. So I am trying to understand whether I am simply getting a break or whether I am missing something.

The fact that you got your rent reduced that much is excellent. And to continue for another year at the same price is also pretty darn good. You are certainly getting a great deal.

You are paying less than market rate and are confused if its a good deal?

I am surprised you are getting a discount this year

My building was brand new when I moved in a year ago, but now that its full they jacked up the rents 20-30%. That is extreme, but the various rental market reports say most rents in Manhattan are up 0-5% depending on the area, with only a few categories down YOY. So a FLAT rate after a 19% discount seems good, just take it and be happy, IMO.