4 ms·
I think it’s something else. I was recently apartment hunting and most of the vacant apartments in the city are offering 1-3 months free but are keeping the ove
by darth_avocado 3y ago
I think it’s something else. I was recently apartment hunting and most of the vacant apartments in the city are offering 1-3 months free but are keeping the overall rent high. Which brings down the annual rent to anywhere from 10-25% lower, but the monthly rent stays well over the median that’s being reported.
- mupuff1234 3y agoSame in NYC. Streeteasy has a data dashboard and is showing that % of rentals offering concessions is at an all time high (excluding the covid anomaly)
- slt2021 3y agothis is due to rent control. Landlord don't want to lose advantage of "high base"
- jeffbee 3y agoIt doesn't work that way. The first year base rent is all the rent paid divided by 12.
- xapata 3y agoUnfortunately, to carry that low annualized rent forward, one must move annually.