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Manhattan rents are nearing record highs after seeing their biggest spike of the year — and luxury tenants are to blame

Getty Images/Inti St Clair Net effective median rent in Manhattan jumped 8.7% to $3,600 without concessions in November, according to a Thursday report from Miller Samuel Inc. and Douglas Elliman Real Estate.&n.....»»

Category: topSource: businessinsiderDec 12th, 2019

Rents hit record levels in October as landlords skip fall discounts

October is supposed to be the month when rent&g… down just a little, but that wasn't the case this year. Rents in Brooklyn, Queens and Manhattan&…; soared to record highs last month, growing at a... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 26th, 2019

Express F-train service launches today

The Metropolitan Transportation Authority launched a rush-hour express for F train riders today, a service announced with much fanfare this summer. Two Manhattan-bound express trains will skip over... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 17th, 2019

Manhattan small apartments are priciest they’ve been since 2008

Seekers of smaller apartments in Manhattan have had plenty of company this summer. Swelling demand by both newcomers and locals drove rents for studios and one-bedrooms to an 11-year high. The... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 16th, 2019

After rush to beat new tax, Manhattan luxury-apartment sales slump

A concentrated in Orthodox Jewish neighborhoods in the city is over, meaning an mandating vaccines will be lifted, health officials said Tuesday. The officials said two incubation periods since... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 4th, 2019

Apartment rents on rise as buyers bide their time

Rents have risen slightly for apartments in Manhattan and Brooklyn, while vacancies have slightly decreased, taking the rate down to the lowest level seen since June, 2012. Citi Habitats, in a mid-year .....»»

Category: realestateSource: realestateweeklyJul 17th, 2019

Average US Rent Rose 2.6% in First Half of 2019

Average apartment rents across the United States rose by 2.6% in the first half of 2019. Manhattan has the highest average of any U.S. city while Wichita, Kansas, has the lowest......»»

Category: blogSource: 247wallstJul 15th, 2019

Jobs booms pushes Manhattan office rents north

A booming jobs market and dearth of new office development has pushed Manhattan office rents to new highs. The borough’s asking rent average reached a $77.82 psf, up 4.9 percent on t.....»»

Category: realestateSource: realestateweeklyJul 10th, 2019

Discounts diminish as rents hit record highs

New York City rents have reached an all-time high, according to StreetEasy's latest first-quarter market report.The StreetEasy rent index found that Manhattan rents, at $3,217, reached a new peak for... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 21st, 2019

American Rents Climb To Record Highs Despite Slump In Home Sales

Home sales in the US have slowed dramatically over the past year - and in some markets, like tony Manhattan, they have virtually ground to a halt - as hig.....»»

Category: blogSource: zerohedgeApr 8th, 2019

Manhattan apartments get more expensive, even in dead of winter

The year is off to a good start for Manhattan apartment landlords, who have been able to increase rents, offer fewer incentives and retain tenants. In February, the median rent with the value of... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 15th, 2019

Are construction costs killing new Bay Area housing?

Even with apartment rents near record highs, rising construction costs and city fees are slowing down housing development around the Bay Area. In San Francisco, 4,500 new units were completed in 2017, down 14 percent for the year. Completions are .....»»

Category: topSource: bizjournalsApr 26th, 2018

Pick a borough: Rents are falling, and fast

Here’s some good news for New York City apartment-hunters: Manhattan rents dropped 3.8% in March from a year earlier, the most since 2011. The news is even better for tenants looking in... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 13th, 2018

As rents soar, co-living becomes a more appealing option

Big-city apartment dwelling can be a financial and emotional drain, but the growing trend of co-living can soften the blow. Co-living comes in many varieties, from shared houses to luxurious... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 9th, 2018

Larger Manhattan apartments suddenly seem like a bargain

Manhattan’s shrinking rents are prompting apartment-dwellers to think big......»»

Category: topSource: moneycentralJun 14th, 2018

Manhattan rents are climbing again. Blame the weak sales market

Manhattan apartment rents climbed in October for a second straight month, a welcome surprise for landlords, who are reaping benefits from a weakening sales market. The median face rent—before... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2018

PG&E Shares Soar As Investors Offer Plan To Avert Bankruptcy 

Mere days after founder Ken Griffin set a new record in the US for most expensive home ever purchased by closing on a Manhattan penthouse apartment, Citadel is reportedly leading an investor group to try and stave off a possible bankruptcy.....»»

Category: blogSource: zerohedgeJan 28th, 2019

Rush Cos., Village Concepts plan 140-unit complex in Lake Stevens

Rush Cos. is teaming up with Village Concepts on a senior living facility project that could break ground this summer......»»

Category: topSource: bizjournalsApr 18th, 2024

Local restaurant group searches for new hires ahead of summer rush

A local restaurant group is looking to hire at least 30 employees across all its dining destinations this summer......»»

Category: topSource: bizjournalsApr 15th, 2024

Will Trump Attempt To Strike Potential Jurors From Hush Money Case After Unsuccessful Last-Ditch Efforts To Delay Trial? DOJ Veteran Weighs In.

As Donald Trump's hush money trial begins, DOJ veteran Andrew Weissmann offers insights for Manhattan DA Alvin Bragg. read more.....»»

Category: blogSource: benzingaApr 13th, 2024