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Rent concessions are at an all-time high in Manhattan, Brooklyn and Queens. The share of rentals offering concessions set records in Manhattan, Brooklyn and Queens. In Manhattan, the share of apartments with concessions offered was at 36.2%, 37% higher than last December, and in Brooklyn, it more than tripled since last year to 46.1% of […]
As social, economic and cultural shifts occur, the desire to be fit still continues to grow across many generations. People love to look, feel and live healthy lifestyles. So much so that renters across the city are increasingly seeking buildings with gyms in the building. In a survey of renter preferences across the U.S., 82% […]
Priceless insight from market analytics, intimate research and native New Yorkers. The Financial District Area: South of Chambers Street. Pros: Home to many of New York’s most iconic structures such as the Charging Bull, the New York Stock Exchange, and the Freedom Tower, the Financial District is electrifying during the day. With access to many […]
How Do I Rent? A New Yorker’s guide to renting. Feeless uses intimate market knowledge, data and analytics to create a guide for your entire rental process. Simply put, renting made easy. 1. Prepare Yourself Start Ahead of Time Most NYC apartments are not listed until 1-2 months before the desired move-in day. As a […]
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New York City rental prices are staying stagnant, and figures indicate the weakness will continue to affect the market. In Manhattan, the median net-effective rent was $3,294 last month — a 1 percent increase from March last year, according to the monthly rental report from Douglas Elliman. The market share of concessions, a tool that landlords are […]
Rents may have inched higher for the 23rd month in a row, but a lack of new deals and a large number of landlord concessions hint at an impending market slowdown. Median rental prices in Manhattan increased by 1.5 percent last month — from Jan. 2015 — to $3,350, continuing a near two-year trend of […]
