After almost a year away from active rain due to personal reasons...I've returned! Rearing to go I feel that my first blog post should be about the state of the market that I'm involved in!
Below is the just released “Elliman Report: Manhattan & Brooklyn Rentals March 2013,” the leading resource on the state of the Manhattan and Brooklyn rental markets. As always, our market reports are produced in conjunction with Miller Samuel to provide my clients with the most comprehensive and neutral market insight available
Increases in Brooklyn rental prices were strong and have been growing since the beginning of the year. New rental activity slipped as more tenants, unable to find more affordable places to live, signed more renewals. Landlord concessions continue to be the exception and not the rule with tighter supply. As the economy improves and with low mortgage rates in place, we don't anticipate much change in the market in the coming months.
I am constantly looking for ways to provide clients with better information to enable them to make more informed decisions.
Stay posted...I will also post the state of the Sale market for Brooklyn shortly...
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