From the June issue: With temperatures spiking and new college graduates looking for apartments, June marks the start of the busiest time of year for rental agents in New York City.
This year, they’re even busier than normal. As the shortage of for-sale inventory keeps a stranglehold on the sales market, brokers said they’re seeing an unusually high number of “hybrid” customers — clients who are open to either buying or renting. That’s making an already tight rental market even more competitive. [more]