Expect 4-5mo free come Winter

4Q doesn't sound like the bottoming of the rental market at all -- i.e. more like 30's prediction, not inonada's. This quote comes from a property manager too, and I don't have the foggiest idea as to why he's calling for it except that he's preparing his clients. https://www.bloombergquint.com/markets/manhattan-landlords-latest-lure-free-rent-until-next-year -------------- With the rental market... [more]

4Q doesn't sound like the bottoming of the rental market at all -- i.e. more like 30's prediction, not inonada's. This quote comes from a property manager too, and I don't have the foggiest idea as to why he's calling for it except that he's preparing his clients. https://www.bloombergquint.com/markets/manhattan-landlords-latest-lure-free-rent-until-next-year -------------- With the rental market heading into its typically slowest season, property owners know if they don’t fill apartments now, the job will get even harder in the coming months. “Most landlords, especially the smaller ones, can’t afford to leave their properties vacant,” said Michael P. Feldman, chief executive officer of Choice New York Cos., one of New York’s biggest apartment managers. “You’ll start to see four to five months of free rent consistently throughout the winter.” [less]