Elliman Report: Manhattan/Brooklyn Rentals 10-2012
November 14, 2012
MANHATTAN The Manhattan vacancy rate fell to 2%
from 2.32% in the same period last year.
Consistent with this decline, rentals with
landlord concessions had single-digit
market share; approximately 4% of all new
rentals had some form of concession,
compared to 25% two years ago.
were 23.2% more new rentals in October
than there were a year ago, as high
rent levels caused more “churn” in the
marketplace. The jump in listing discount
and days on market also reflected
landlords tending to push for rent
increases at the time of lease renewals.
© Copyright 2013 Miller Samuel Inc. All world wide rights reserved. • 21 West 38th Street • New York, NY 10018 • 212.768.8100