Trending

Rental market looks uncertain

Sign Up for the undefined Newsletter

The rental market is bracing for some uncertainty this year. Rents increased 5.5 percent last year, according to brokerage Citi Habitats, while vacancies rose from 0.76 percent to 0.97 percent. If big employers, like Wall Street firms, slow down hiring, demand for rentals will drop. “We don’t know yet what will happen,” Halstead Property leasing director Fritz Frigan said. “Relocations and college graduates are a big part of the rental market. We’re bracing ourselves to see what jobs are created.” 

Recommended For You