With supply outpacing demand for luxury rentals, price growth is nominal and landlords are increasingly shelling out concessions to renters in Manhattan and Brooklyn. The median rental price hit $3,450, a mere 0.9 percent year-over-year increase.
In Manhattan, the share of new leases with landlord concessions in July was more than double seen at the same time last year, according to Miller Samuels latest market report. Nearly 11 percent of the new leases (versus 5.3 percent in July 2015) provided ...

Forget swimming pools, rooftop terraces, porte cochères or even helicopter landing pads. The latest amenity at high-end apartment buildings in the U.S. is a charging station for electric vehicles. A recent study from Bloomberg New Energy Finance found that sales of electric vehicles will hit 41 million by 2040 to account for 35 percent of car sales.
Developers are betting big on the electric-car market taking off and, as a result, are installing electric charging stations at high-end buildings nationwide. ...

Even before Britain shocked the global markets and voted to break off from the European Union, international buyers were looking to move investments to New York and away from London. Amid the uncertainty caused by “Brexit”, London’s housing market is expected to take a hit — though it’s unclear how severe the blow will be and how long it will last is — and its status as a global gateway city could be in jeopardy. Some experts are predicting London ...