Here's more evidence that it's a renter's market in Manhattan and Brooklyn
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Landlords are increasingly shelling out concessions to renters in Manhattan as supply continues to outpace demand for ultra-luxury apartments.
The share of new leases with landlord concessions last month was more than double seen at the same time last year, according to Douglas Elliman’s latest market report. Nearly 11 percent of the new leases — compared to 5.3 percent in July 2015 — provided concessions to tenants. At the same time, the vacancy rate last month ... Читать дальше...