concessions


The Latest

What happens to concessions when it’s time to renew a lease?

Rental concessions may be sky high across the city, but tenants shouldn’t count on getting them renewed once their...

Summer rental surge won’t be strong enough to impact concessions

At this point, it seems like concessions at New York rentals set new records almost every month. In January,...

Concessions hit record highs once again in Brooklyn and Queens

The rental markets in Brooklyn and Queens kicked off 2018 by once again setting new records for the amount...

Concessions in BK, Queens still sky-high

Concessions are still the name of the game in the outer boroughs. Offering tenants a period of free rent remains extremely popular in Brooklyn and Queens, according to Douglas Elliman’s November rental market report...

Tenant improvement allowances at Manhattan’s trophy office towers nearly 3x pre-recession levels

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

The developers behind the project meant to replace Park Slope’s 5th Avenue Key Food have filed preliminary plans for...

Foreign owners don’t give a buck about concession packages

“When in Rome” appears to have gotten lost in translation when it comes to Manhattan’s office market. Foreign owners...

Why some developers aren’t buying into the incentives gambit

Gift cards, broker fees and other incentives have become commonplace in the city’s oversaturated condo market. Desperate to unload...

The Long View: What’s the point of incentives in the resi market?

Concessions and sweeteners are everywhere in the rental and condo markets. At 357 West 17th Street, the lucky buyer...

Ask and ye shall receive: Developers step up concessions in tepid market

With its undulating glass facade, 252 East 57th Street was among the marquee new developments that promised to reshape...

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