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The Real Deal New York
Rental Concessions NYC
Manhattan rental concessions keep growing — especially in new dev
December 13, 2018 08:00AM
Manhattan’s median rents took a hit as the market share of leases with concessions continued its rising streak. And the state of the market...
Brooklyn, NW Queens concessions see another slight drop in June
July 12, 2018 07:00AM
Concession threat level: high, but declining. The amount of new leases with concessions in Brooklyn and Northwest Queens ticked down again in June, indicating...
The streak is over: Concessions in Brooklyn, NW Queens fail to hit record highs in May
June 14, 2018 07:00AM
After months of breaking records, the number of new leases with concessions in Brooklyn and Queens finally saw a decline in May. In Brooklyn,...
Wait, rent concessions in Brooklyn are going down now?
May 16, 2018 02:00PM
Despite month after month of record-high concessions in Brooklyn, Sugar Hill Capital Partners co-founder David Schwartz said at a panel on Wednesday that his...
Brooklyn, Queens see another record-breaking month for concessions
May 10, 2018 07:00AM
Brooklyn and Queens saw record-setting concessions in April yet again, with the former cracking the 50 percent mark for the first time. There was...
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...
A broken record? Concessions again reach new highs in Brooklyn, Queens
April 12, 2018 07:00AM
Another month, another record for concessions in the outer boroughs. Brooklyn and Northwest Queens both hit records yet again for the amount of new...
Rental concessions in Manhattan hit highest level in nearly 8 years
February 08, 2018 08:30AM
Rents may be rising at luxury residential projects in Manhattan, but it’s not necessarily because the high-end market is strong. A new report by...
Manhattan rents rise, thanks to a luxury market that’s softer than it appears
December 14, 2017 12:40PM
The rental market in Manhattan has flat lined at an uneasy equilibrium, with rents largely unchanged year over year and concessions remaining at or...
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...
The next big thing at Hudson Yards: free rent and no security deposits
November 29, 2017 08:33AM
New York’s luxury rental market slowdown is making itself felt on Manhattan’s Far West Side. As of July, Brookfield Property Partners was offering three...
The collapse of rental concessions
November 21, 2017 07:30AM
From the November issue: In early September, Citi Habitats broker Jason Burke put his listing for a three-bedroom condo at 218 West 22nd Street on the rental...
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...
Struggling retailers seeking rent reductions reaches “epidemic” proportions
September 21, 2017 10:30AM
Sky-high retail rents have stores in some of New York City’s prime shopping districts aggressively seeking relief. Real estate players say they are getting...
Harlem rental market hits the $20,000 mark
June 21, 2017 05:40PM
A Harlem Townhouse On Fifth Avenue rented for $21,815 per month this week, which sources say is a record for the area. The deal...
Manhattan office concessions hit $173 psf
May 08, 2017 10:30AM
Manhattan’s office landlords were offering concessions valued at an average of $173 per square foot during the first quarter, up 3.3 percent from a...
Are rental landlords shooting themselves in the foot with big concessions?
April 14, 2017 05:35PM
When Two Trees Management chief Jed Walentas began leasing up 300 Ashland amid a slumping rental market, he eschewed the now-common reel-’em-in-with-huge-concessions gambit. Instead...
No surprise here: Midtown’s office space is among the costliest around the world
Carroll Gardens condo goes into contract for $4.5M, could set neighborhood record
Peter Fine pays nearly $30M for East Harlem site along the Second Avenue subway’s next phase
Alchemy purchases 9-building Bed-Stuy portfolio for $25M
Moinian Lands $132M in financing for 2 Washington Street
December 2018 issue
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