The rental squeeze
Landlords may be more apt to allow tenants to pack in, but do they need to? October 21, 2009 11:00AM By Vanessa Weiman
200 Water Street: some shares but “it’s not turning into a dorm”
From the October issue: With the combination of high building vacancy rates and the down market, Roberto Gonzalez, an agent at Bond New York, expected to see a wave of tenants erecting walls and "cramming" into apartments to save rent money. But the expected flood of people seeking to pile into shares hasn't really arrived, he said. "Everything in my gut tells me there should be tons of people sharing, but there are actually fewer," said Gonzalez, who has rentals in Tribeca, the East Village and Williamsburg. Brokers who deal with areas of Manhattan where there are a high percentage of shares -- such as the Financial District, Murray Hill and Union Square -- said that while landlords may be more apt to allow tripling and quadrupling up just to get an apartment full, that there hasn't been a huge surge. more
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Comments
Anonymous
An influx of students and graduates requires jobs. I love the use of "indefinitely". I think that was a common word in 2006 too.
Comment #1 Posted By: Anonymous 10/21/09
Anonymous
Agree with #1. No jobs=no new renters
Comment #2 Posted By: Anonymous 10/21/09
Anonymous
even with a job, chances are the newbies are moving back with mom and dad in case they lose that job.
Comment #3 Posted By: Anonymous 10/21/09
Anonymous
It also has to do with the fact that with apartments being more affordable, people who normaly could only afford to share an apartment with fiends - now can get their own place.
Comment #4 Posted By: Anonymous 10/21/09