Property News · November 15, 2016

Manhattan renters score record incentives in apartment glut


Manhattan landlords are giving renters more financial incentives than ever in a bid to keep apartments from going empty while the market gets flooded with new supply.
Lease-signing sweeteners, such as a month of free rent or payment of broker fees, were offered on 24 per cent of new rental agreements in October, up from 10 per cent a year earlier, according to a report Thursday by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate.
It was the biggest share for any…

Source : South China Morning Post
Read more…Manhattan renters score record incentives in apartment glut

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