The Real Deal New York

The top rental deals of 2012 — and the agents behind them

A look at the brokers who closed the biggest residential leases of the year

January 04, 2013 11:00AM
By Hayley Kaplan

  • Print

From the January issue: With the luxury residential market booming, expensive rentals have recently been in higher demand than ever — getting snapped up faster than usual and, in some cases, sparking bidding wars. Manhattan rents were at an all-time high this past year even as Citi Habitats’ third-quarter rental market report, the most recent data available at press time, showed the historic rental highs that occurred between January and August had plateaued during 2012’s third quarter (see related story: Manhattan sales volume perks up). While in the past rentals were considered a less-prestigious (and lower-paying) sector of the brokerage business, six-figure rental deals have changed that, and a number of high-end brokers have found themselves focused on rentals. [more]

MENU