Average rent for a Manhattan apartment passes $5,000 for the first time

… fearful of a recession and willing to pay a premium for a rental now People dont like to make decisions when things … us they want to just wait Both doorman a proxy for luxury apartments and nondoorman net effective rents in Manhattan … demand for apartments landlord concessions fell to a new low of 141 percent of leases compared to 377 percent a year …

By Jennifer White Karp |July 14, 2022 - 9:30AM
One year later: Checking in with the NYC newcomers who had steep rent discounts

… The goal was to talk to newcomers about how they navigated NYCs complicated real estate market and what motivated them … city seemed very bleak All were lured here by substantial rent discounts and incentives that created onceinalifetime … I thought it was going to be really challenging as a single mom with no family support but I have been able to create a …

By Kelly Kreth |April 7, 2022 - 12:30PM