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The weak sales market is still a key driver of rental demand and rising rents. The number of new leases fell for the 6th straight month as landlords continued to be more successful at the time of lease renewal, down 2.1% from the same period last year. The |
Overall, monthly rents predicted to rise by 2% to $1,677
South Florida will see nearly 16,000 apartments delivered this year, leading rents to flatten in markets with added supply, according to a recently released report.
Fueled in part by population growth, the number of apartment deliveries will be nearly double the 8,871 units that were completed in South Florida last year, according to Berkadia’s annual report and 2020 forecast. That marks the highest number of annual ...
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It’s already been a year since Gov. Andrew Cuomo abruptly called off the dreaded 15-month L train shutdown, replacing it with a “slowdown,” to repair the Canarsie Tunnel.
Back in December 2018, median asking rents in the neighborhood fell to $2,899/month, according to StreetEasy. Then, in early January 2019, when Gov. Cuomo announced that the complete shutdown of the L train ...
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Strong economic and population growth led the financial site SmartAsset to name Miami as one of America’s top boom-towns.
Miami ranked fourth nationwide in the analysis, and was the top big city.
Analysts looked at government data from 500 cities for the ranking.
Here is how Miami scored in key metrics:
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Sales are still slowing down but at a lower rate. And this could imply that the trend might be turning around in the near future. We as brokers have experienced a busy month of December and we are starting to get more optimistic for 2020.
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JAN
2020
One of the largest and most expensive development sites in the South Bronx is starting to come into focus. Developer Brookfield Properties has unveiled new renderings for its massive seven-building project along the Harlem River in Mott Haven, which also has a new name: Bankside.
The development will span 4.3 acres on either side of the Third Avenue Bridge, with more than 1,350 ...
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