Manhattan Residential Rental Market

Manhattan Residential Rental Market 1Q16 Report – conditions have plateaued?

Manhattan Residential Rental Market 1Q16 Report by Citi Habitats
Manhattan residential rental market - First Quarter 2016
The report that follows tracks the Manhattan residential rental market throughout the first quarter of 2016. When compared to the last quarter of 2015, market conditions have remained generally stable. Average rents for all apartment sizes were relatively unchanged, while the borough’s vacancy rate declined, reflecting an uptick in demand for rental housing.
Landlord concessions were on the rise during Q1
The lower quarterly vacancy rate is largely the result of . . .

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