Nooklyn CEO steps down after firm slashes agent commissions
The CEO of startup brokerage Nooklyn is stepping down amid turbulence over the company’s decision to cut agent commissions...
NYC Rental Market
New York’s rental market is a sector of the residential market that covers temporarily rented apartments, condos, or houses. New York is often thought of as a renter’s city, with a high proportion of residents renting rather than owning their homes.
NYC Rental Market Q&A
What properties are rented in the NYC rental market?
All types of residential properties can fall into the rental market. New Yorkers rent basement apartments, luxury condos, historic townhouses, and even detached homes. Some buildings are entirely rentals; others are mixed renting and owning. Some New Yorkers rent entire apartments or homes for themselves and others share with roommates or family members. New Yorkers participating in the rental market also include landlords and property owners, who are responsible for maintaining buildings and make profit off of their residential holdings.
Want to know more about the NYC rental market?
Check out our Top Stories below for TRD's most up-to-date coverage of NYC's rental market.
NYC Rental Market Top Stories
August 1, 2019—Venture capital-backed Nestio is automating the rental application process through its new platform, “Funnel by Nestio.”
July 11, 2019—Douglas Elliman and Citi Habitats’ June rental report shows strengthening market in outer boroughs.
The Latest
“Like TurboTax”: Nestio launches online leasing
The idea of renting an apartment with the click of a button just got a little more real. Residential...
What you need to know about landlords’ challenge to New York’s rent law
Landlord groups kick-started their fight against New York’s new rent law on Monday, filing a lawsuit that claims the...
Why fewer Brooklyn and Queens tenants are moving
Landlords offering incentives to renters in Queens and Brooklyn are increasingly in the minority as prices rise and a...
Vera Wang’s former UES penthouse returns to rental market at a discount
An Upper East Side penthouse that fashion designer Vera Wang once called home is on the rental market for...
REBNY plans rally ahead of hearing on rental commissions
The New York real estate industry is gearing up for its next fight. This time, brokers are at the...
City Council cancels public hearing on bills to reform rental fees at eleventh hour
UPDATE Tuesday, June 11, 4:15 p.m.: At 5:44 p.m. Monday night, City Council members received an email notice that...
Bill to cap rental commissions is amended to only affect brokers repping landlords
UPDATE Friday, May 31, 2019, 9:19 p.m.: Residential brokers are up in arms over the latest change to a...
Cautious buyers are pushing up Manhattan rent prices
Manhattan’s rental market has been getting back on track, thanks to cautious buyers. Pricing in the borough continued an...
Seniors are dominating NYC rentals
The city that never sleeps has become a popular home for senior tenants. Out of the 30 biggest U.S. cities, New York has the largest share of renter households age 60 and up, the...
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