RECOMMENDED IN RENT
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concessions
Looking for a deal on a new development rental in NYC? Head to the outer boroughs
… the share of new development is 25 percent in Brooklyn and 43 percent in Northwest Queens which includes Long Island … For Queens new development rents accounted for nearly 43 percent of all activity and this factor is also skewing …
As one-time deals stop filling apartments, some landlords are actually lowering rents
… struggled to fill pricey apartments in a market flooded with them Now it looks like many of those landlords are … ever more enticing incentives actually lowering rents With vacancy rates rising and even more new development … are reluctant too because you cant mask the base rent with concessions If the market were to suddenly improvewhich …