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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.....»»
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......»»
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......»»
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......»»
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......»»
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 .....»»
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......»»
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.....»»
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......»»
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.....»»
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......»»
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 .....»»
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......»»
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......»»
Larger Manhattan apartments suddenly seem like a bargain
Manhattan’s shrinking rents are prompting apartment-dwellers to think big......»»
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......»»
PG&E Shares Soar As Investors Offer Plan To Avert BankruptcyÂ
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.....»»
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......»»
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......»»
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.....»»