> The building is rent stabilized so maybe they fear that lowering the rent will make it impossible for them to hit certain numbers over the next few years? A

> The building is rent stabilized so maybe they fear that lowering the rent will make it impossible for them to hit certain numbers over the next few years? A friend of mine was speculating this as well -- that the market hasn't moved as much as it could because landlords are worried about getting “locked in” at a lower rate. My hunch is that it's not entirely true yet, or else we'd be seeing more concessions (free first month, etc.) that don't impact the stabilized price -- at least in my Manhattan building, even concessions that have been offered (off and on) under normal circumstances are not listed any more.