{"id":3771393,"date":"2021-02-19T13:44:39","date_gmt":"2021-02-19T18:44:39","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3771393"},"modified":"2021-02-19T13:44:39","modified_gmt":"2021-02-19T18:44:39","slug":"new-york-real-estate-rentals-up-manhattan-brooklyn","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/new-york-real-estate-rentals-up-manhattan-brooklyn\/","title":{"rendered":"New York Real Estate Rentals Up In Manhattan And Brooklyn"},"content":{"rendered":"<p>The\u00a0recent surge of rental leases in New York&#8217;s Manhattan and Brooklyn boroughs (January was the 4th\u00a0consecutive month of net gains in rental lease signings) is a welcome sign to the Big Apple, after the unpleasant experience the real estate market went through in 2020 as a result of the pandemic driving people out to less metropolitan areas.\u00a0However, with the high supply of listings, the prices have decreased considerably and incentives for long-term deals are attractive.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3771394\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2021\/02\/1-18.jpg\" alt=\"New York real estate rentals \" width=\"1024\" height=\"683\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2021\/02\/1-18.jpg 1024w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2021\/02\/1-18-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2021\/02\/1-18-768x512.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><span class=\"rtp-photo-credit\">Photo Credit: Extell<\/span><\/p>\n<p>&#8220;As employees working remotely and see little reason to live close to the office, Manhattan apartment landlords are providing the biggest move-in concessions on record in an effort to fill empty units during the pandemic,&#8221; says\u00a0<strong>Elliot Bogod<\/strong>\u00a0of <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/broadwayrealty.com\/\">Broadway Realty<\/a><\/span>. &#8220;Rents tumbled 19% in January as listings continued to pile up.\u00a0Special incentives and freebies averaged 2-3 months, most in over the last decade, which have helped somewhat.\u00a0Many schools, colleges, and cultural attractions are also still shuttered. New lease signings jumped, but revenue for landlords is still slipping. With the value of concessions subtracted, the median rent in Manhattan plunged substantially.&#8221;<\/p>\n<p><strong>Eugenia Foxworth<\/strong> of <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.foxworthrealtyonline.com\/\">Foxworth Realty<\/a><\/span> adds, &#8220;There are several thousand rental apartments available in Manhattan. Many people do not want to live in high rises since COVID-19. The reason that there has been an upsurge in renting in luxury full-service buildings is due to the lower rental cost. Many people are working remotely, have lost their positions, and are relocating to the suburbs.\u00a0For example, on Central Park South, one apartment in particular was asking $15,000 per month and now it is renting for $,9999.\u00a0 The landlords are offering from one to three months free on one to two-year leases. Some buildings are not increasing the rent when leases are expiring.\u00a0It is advantageous for renters during this pandemic.&#8221;<\/p>\n<p>For more, visit <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/\">www.hauteresidence.com<\/a><\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0recent surge of rental leases in New York&#8217;s Manhattan and Brooklyn boroughs (January was the 4th\u00a0consecutive month of net gains in rental lease signings) is a welcome sign to the Big Apple, after the unpleasant experience the real estate market went through in 2020 as a result of the pandemic driving people out to less metropolitan areas.\u00a0However, with the high supply of listings, the prices have decreased considerably and incentives for long-term deals are attractive.<\/p>\n","protected":false},"author":142,"featured_media":3771394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,750],"tags":[21993,4126,17012,25323,22009,14269,21822,25320,25321,14270,330,25322,1317,25318,32,154,25319],"class_list":["post-3771393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-real-estate-talk","tag-broadway-realty","tag-brooklyn","tag-brooklyn-real-estate","tag-central-park-south","tag-elliot-bogod","tag-eugenia-c-foxworth","tag-eugenia-c-foxworth-real-estate","tag-eugenia-foxworth","tag-eugenia-foxworth-real-estate","tag-foxworth-realty","tag-manhattan-2","tag-manhattan-listings","tag-manhattan-real-estate","tag-manhattan-rentals","tag-ny","tag-new-york-real-estate","tag-real-estate-rentals-in-manhattan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New York Real Estate Rentals Up In Manhattan And Brooklyn<\/title>\n<meta name=\"description\" content=\"The\u00a0recent surge of rental leases in New York real estate throughout the Manhattan and Brooklyn boroughs are the lowest they have been in a decade\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/new-york-real-estate-rentals-up-manhattan-brooklyn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Real Estate Rentals Up In Manhattan And Brooklyn\" \/>\n<meta property=\"og:description\" content=\"The\u00a0recent surge of rental leases in New York real estate throughout the Manhattan and Brooklyn boroughs are the lowest they have been in a decade\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/new-york-real-estate-rentals-up-manhattan-brooklyn\/\" \/>\n<meta property=\"og:site_name\" content=\"Haute Residence by Haute Living\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hauterealestatenetwork\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-19T18:44:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2021\/02\/1-18.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andres E. 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