Property News · May 16, 2017

Rents for no-doorman apartments in Manhattan hit a record


Manhattan apartment rents are on the decline – unless you are living in a no-frills building without a doorman. For those units, rents just hit a record.
While new luxury apartments with doormen – and other extras like pools and gymnasiums – are proliferating and landlords are cutting deals to get them filled, renters who seek more affordable havens have been driving up demand for older, basic units, for which the supply is more fixed.
The median rent for Manhattan buildings…

Source : South China Morning Post
Read more…Rents for no-doorman apartments in Manhattan hit a record

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