Manhattan rental concessions level out

By
Services for Real Estate Pros with HomePointe

Over the course of 2009 New York City scattered to offer rental reductions to extend leases.

I typically saw $300/monthly rent reductions.  

The residential rental market is stabilizing in December 2009 along with scaled back concessions.

 

Will there be a more stable market on the horizon for 2010?

 

Alexandra Machado

www.HomePointe.com

HomePointe Property Management

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