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Landlords Cutting Rent

Started by johnknyc
over 17 years ago
Posts: 13
Member since: Mar 2008
Discussion about
http://ny.therealdeal.com/articles/landlords-cutting-rent
Response by johnknyc
over 17 years ago
Posts: 13
Member since: Mar 2008

this is kinda fun, too.

now move along...

http://www.nypost.com/seven/05192008/news/regionalnews/landlords_slashing_city_rents_111496.htm

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Response by stevejhx
over 17 years ago
Posts: 12656
Member since: Feb 2008

No, johnknyc, houser says market rents are about to skyrocket.

I believe houser.

He does research.

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Response by kgg
over 17 years ago
Posts: 404
Member since: Nov 2007

Whether residential or commercial the market has simply reached its tipping point.
People can only pay what they can pay. My neighborhood (UWS)has more empty storefronts
than I've seen in years as old tenants left or were forced out due to escalating rents.
The same has happened with residential apts. Landlords expectations are correcting.

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Response by mbz
over 17 years ago
Posts: 238
Member since: Feb 2008

I have also noticed lots of empty retail space on Park Ave in the 20s/30s.

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