Posted by:
The activity is picking up big time but there is still a huge amount of inventory to be absorbed.
April 2021 saw the largest number of new leases ever recorded, encouraged by the continuous price drops.
There were 9,087 New Lease Signings by the end of April, nearly seven times more than the same period a year ago, reaching ...
Continue Reading →Posted by:
It’s recovery time. In Manhattan, new lease signings rose to their highest level for the month of January, since the last financial crisis: up 57.6%year over year.
Lowered rents prompted an increase in the new lease contracts activity. Tenants are moving back to the city in search of good deals as they sense the leverage in their favor is ...
Continue Reading →Posted by:
What’s going on in the Manhattan rental Market? Let’s take a look at July 2020 data…
With the withdrawal of some of the restrictions due to Covid-19 emergency, new rental activity surged month over month but still well below the year-ago levels.
The Number of New Leases (excluding renewals), went down – 23.4% to 4,949, ...
Continue Reading →