4 ms·
There are a lot of vacancies and nearly unheard of concessions being thrown out there. A ridiculous amount of construction as well. If there's prolonged weaknes
by whatok 8y ago
There are a lot of vacancies and nearly unheard of concessions being thrown out there. A ridiculous amount of construction as well. If there's prolonged weakness, concessions eventually turn into rent decreases.
https://ny.curbed.com/2018/4/12/17227574/new-york-rent-market-reports-march-2018 https://ny.curbed.com/2018/4/12/17227574/new-york-rent-marke...
- tfehring 8y agoAll of that seems good and necessary - given that the median net effective rent is still over $3k/month in Manhattan, and that there's apparently room to profitably continue building, it sounds like things are headed in the right direction.
- deleted 8y ago[deleted]