Jul
06
Manhattan Apartment Renters Push Back in Search of Better Deals
By-
Newly signed leases jumped 34% in June, the most in four years
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Concessions granted in 9.7% of deals amid a surge of listings
Manhattan renters left their apartments in search of better deals last month, pushing back against landlord price increases and taking advantage of a flood of new choices on the market.
New apartment leases totaled 5,203, a 34 percent jump from a year earlier and the first increase for June since 2012, according to a report Thursday by appraiser Miller Samuel Inc. and broker Douglas Elliman Real Estate. Landlords granted concessions in 9.7 percent of all new deals, the highest share for June in more than five years of record keeping…
Manhattan Apartment Renters Push Back in Search of Better Deals
