Record-High Vacancies and Rent Rates Suggest Lenient Leases in Winter
By Naomi Cohen As Manhattan apartment rents are reaching an all-time high, landlords are signing fewer leases in a usually busy month. With vacancy rates averaging 1.19% in August—the widest rate since 2009—a breaking point may be approaching this winter, according to Gary Malin, president of City Habitats, the real estate company that published the report. [ read more... ]











