From the November issue: Britney Hatcher, an agent at City Connections Realty, has recently received a number of phone calls from angry tenants in new rental buildings on Manhattan’s Far West Side.
A year ago, she explained, these tenants took advantage of concessions offered by developers of new buildings — often one, two, or even three months of free rent. But now that these buildings are fully leased and the rental market has improved, they’re being hit with renewal notices asking for $500 or $600 more per month than they are currently paying. [more]