Property News · June 13, 2017

Manhattan flat leasing hits a record as deals soar


It is a renter’s market in New York City, and flat-seekers jumped in last month to get themselves a deal.
In Manhattan, the number of newly signed leases climbed 17 per cent in May from a year earlier to 5,969, the biggest total for the month in nine years of record-keeping, according to a report from appraiser Miller Samuel and brokerage Douglas Elliman Real Estate. In Brooklyn, new apartment contracts surged 23 per cent to 1,460, also the biggest total for the month in data going back…

Source : South China Morning Post
Read more…Manhattan flat leasing hits a record as deals soar

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