Manhattan data highest range of rental condominium vacancies in 14 many years

Deborah K. Vick

NEW YORK (WCBS 880) — More than 16,100 apartments in Manhattan ended up up for rent previous month — the optimum range of vacant apartments the borough has recorded in 14 decades, in accordance to a report.





© Provided by WCBS Radio New York


Manhattan’s rental inventory stood at 16,145 in Oct, up from 15,923 in September, according to a newly-unveiled Douglas Elliman report.

That October determine was the greatest rental stock Manhattan has logged in 14 many years, the New York Publish documented.

New leases in Manhattan, however, “surged to the best Oct total in 12 years, as falling rents are commencing to pull tenants back again to the metropolis,” Douglas Elliman’s report said.

And in Brooklyn, new leases “surged to the 2nd-best October whole in twelve a long time, as falling rents expanded marketplace exercise,” the report mentioned.

Northwest Queens, meanwhile, reported a drop in both equally new lease signings and rents, the report showed.

Remain informed, remain connected — adhere to WCBS 880 on Fb and Twitter. Down load the RADIO.COM app + favourite WCBS 880 for breaking news, website traffic and climate alerts.

Carry on Looking through

Next Post

AstraZeneca continues to be in COVID-19 vaccine race, oil constant, Land Securities assets value slumps

Right here are the leading small business, current market, and economic tales you must be seeing these days in the United kingdom, Europe, and all-around the earth. Astrazeneca remains in vaccine race Though Pfizer and BioNTech’s preliminary vaccine success had been the 1st to debut and move markets, other pharmaceutical […]