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Rents keep falling in NYC area

By Patrick following x   2018 May 10, 5:32pm 515 views   1 comments   watch   sfw   quote     share    


https://www.bloomberg.com/news/articles/2018-05-10/with-nyc-rents-sliding-queens-leads-the-way-on-landlord-breaks

For New York City apartment hunters, April was another good month to find a deal on rents. But no one fared better than those in northwest Queens.

Rents there dropped 12 percent from a year earlier, to a median of $2,646 a month, after landlord giveaways were subtracted, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Those giveaways were offered on 65 percent of all new leases signed in the area, excluding renewals, a record share in data going back to the beginning of 2016.
1   lostand confused   ignore (0)   2018 May 10, 8:26pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

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