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The Real Deal New York
What happens to concessions when it’s time to renew a lease?
June 08, 2018 07:00AM
Rental concessions may be sky high across the city, but tenants shouldn’t count on getting them renewed once their lease is up. Given the...
Summer rental surge won’t be strong enough to impact concessions
May 04, 2018 12:30PM
At this point, it seems like concessions at New York rentals set new records almost every month. In January, the number of deals with...
Concessions hit record highs once again in Brooklyn and Queens
February 08, 2018 09:30AM
The rental markets in Brooklyn and Queens kicked off 2018 by once again setting new records for the amount of deals that include concessions,...
Concessions in BK, Queens still sky-high
December 14, 2017 07:00AM
Concessions are still the name of the game in the outer boroughs. Offering tenants a period of free rent remains extremely popular in Brooklyn...
Tenant improvement allowances at Manhattan’s trophy office towers nearly 3x pre-recession levels
November 06, 2017 08:05AM
Asking rents for Midtown trophy office towers still haven’t climbed back to their pre-recession peak, but tenant-improvement work letters landlords dangle to get deals...
Developer of controversial Park Slope luxury project agrees to concessions
October 20, 2017 09:10AM
The developers behind the project meant to replace Park Slope’s 5th Avenue Key Food have filed preliminary plans for their project with the city...
Foreign owners don’t give a buck about concession packages
October 09, 2017 05:00PM
“When in Rome” appears to have gotten lost in translation when it comes to Manhattan’s office market. Foreign owners are ignoring the custom set...
Why some developers aren’t buying into the incentives gambit
May 04, 2017 04:30PM
Gift cards, broker fees and other incentives have become commonplace in the city’s oversaturated condo market. Desperate to unload product, some developers have banked...
The Long View: What’s the point of incentives in the resi market?
April 26, 2017 09:40AM
Concessions and sweeteners are everywhere in the rental and condo markets. At 357 West 17th Street, the lucky buyer gets a Bentley thrown in....
Ask and ye shall receive: Developers step up concessions in tepid market
March 09, 2017 07:00AM
E.B. Solomont and Miriam Hall
With its undulating glass facade, 252 East 57th Street was among the marquee new developments that promised to reshape Midtown East back when it...
One-third of all Manhattan resi leases in January included concessions
February 09, 2017 07:00AM
New York City residential landlords are continuing to rely on renters’ incentives to keep vacancies at bay, a trend that is expected to become...
How much longer can concessions mask weak rental market?
January 06, 2017 09:19AM
Wonder why everyone is talking about a rental market downturn even though rents are close to record highs? The explanation: landlords are hiding weakening...
Buyers take the reins
November 07, 2016 07:30AM
From the November issue: Free rent. Paid attorneys’ fees. Falling prices. It sounds like a scary flashback to the dark days of 2009. But it’s...
AvalonBay boosts concessions amid surge of new rentals
July 27, 2016 12:44PM
Amid a surge of new rental product coming to market, AvalonBay Communities quadrupled the amount of concessions it offered to tenants in the second...
Class A rents in Midtown rebound; Midtown South sees “hitch”
May 01, 2015 03:31PM
The Midtown office market performed strongly in the first quarter of 2015, with effective rents for Class A space increasing 5.1 percent from the...
Overnight, condo developers abandon concessions
May 11, 2012 02:30PM
There’s been a sudden shift in the city’s condominium market: developers are no longer offering incentives. According to the New York Times, a continued...
Ratner plans Barclays food options
February 29, 2012 04:00PM
Before Barclays Center developer Bruce Ratner can plan the arena’s debut Jay Z concert slated for September 2012, he’s planning the concessions for the...
More agents adding concessions to home sales packages in NJ
February 10, 2012 03:00PM
In New Jersey, as the housing market tumbles further, landlords are increasingly giving concessions in addition to lowering asking prices, the New York Times...
With apartment vacancies up, landlords rethink renter concessions
September 20, 2010 09:30AM
A new report showing an increase in Manhattan apartment vacancies has prompted some landlords to wonder whether they’ve begun yanking renter concessions from the...
Alchemy head says concessions are old news
July 26, 2010 09:00AM
Concessions for condo buyers are largely a thing of the past for Alchemy Properties, founder and president Kenneth Horn told the New York Times....
Carlyle Group pays record price for Queens rental tower, scores $180M loan
It’s official: Brookfield owns Forest City
Arel Capital exec is the latest to close on a 220 CPS pad
Brooklyn Heights townhouse joins elite club with $12M sale
Former Airbnb exec snags Cobble Hill townhouse for $4.6M
December 2018 issue
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