While prices are still down, activity is high as buyers and renters forsake ‘cool’ for value
Andrew Barrocas
From the October issue: It might not be Manhattan’s hippest neighborhood, but Murray Hill is holding its own when it comes to residential real estate. “It seems like almost everybody who lives in Murray Hill feels like they should live in a ‘cooler’ neighborhood — until cooler turns out to be 40 percent more rent and 30 percent less space,” said Bond New York broker Gus Waite. In this month’s Q & A, The Real Deal talked to brokers who specialize in Murray Hill about everything from how a crackdown on temporary walls are impacting the rental market to how long apartments are sitting on the market. [more]
