The Real Deal New York

Renter fatigue?

While the Manhattan rental market is still strong, brokers weigh in on whether New Yorkers have reached a tipping point on sky-high prices
By Melissa Dehncke-McGill | February 14, 2013 04:30PM

From the February issue: There’s been a lot of buzz in the industry lately about the long-hot Manhattan rental market finally taking a breather from its constant rent increases. Indeed, while the rental market is still up about 5 percent year-over-year, it saw a dip in prices between the third and fourth quarters of 2012. This month, The Real Deal talked to rental brokers, firm heads and market analysts to gauge what they’re seeing on the ground and what they make of the recent softening. [more]