With the Manhattan rental market spiraling downward, renters have not been shy about wielding their newfound leverage to negotiate cheaper leases and building owners have not been hesitant to implement new incentives to lure in tenants. This week, The Real Deal talks to Daniel Hedaya of Platinum Properties and Daniel Baum of the Real Estate Group New York about their predictions for the rental market in the new year and about why brokers are switching from sales to rentals in this climate.
