NYC rental market sees rise in concessions as competition cools and inventory grows: report - QNSOctober 2024 saw a cooling in NYC rental competition, with nearly 20% of listings offering concessions due to rising inventory and affordability issues.
Ask Our Chief Economist: What Is a Rent Concession? How to Ask, Negotiate, and Save on Your Next ApartmentRent concessions can reduce immediate housing costs for renters but may lead to higher renewal costs.Landlords often offer concessions during periods of low demand to fill vacancies quickly.
NYC rental market sees rise in concessions as competition cools and inventory grows: report - QNSOctober 2024 saw a cooling in NYC rental competition, with nearly 20% of listings offering concessions due to rising inventory and affordability issues.
Ask Our Chief Economist: What Is a Rent Concession? How to Ask, Negotiate, and Save on Your Next ApartmentRent concessions can reduce immediate housing costs for renters but may lead to higher renewal costs.Landlords often offer concessions during periods of low demand to fill vacancies quickly.
Brookfield's Beaudry DTLA Comes With Exceptional PerksBrookfield Properties' Beaudry DTLA apartment tower is offering significant concessions to attract tenants.Luxury residential units in Downtown Los Angeles are still facing notable vacancy rates despite post-pandemic recovery efforts.