Elevated Rents and Upfront Costs Are Weighing on Rental Demand

Written By Owen Higgins

  • Affordability challenges, including high upfront costs and rising rents, are dampening renter demand in NYC.

  • Due to low vacancy rates, the Manhattan rental market is in a holding pattern with steady asking rents and concessions.

  • New developments are driving rental inventory growth in NYC, with the Bronx leading the city in both affordable and market-rate rental supply.


Owen Higgins
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