Nearly 19 percent of all office space in Manhattan has no tenants — the highest on record — as companies shed leases and embrace remote work. Source: New York Times
Posts published in “Renting and Leasing (Real Estate)”
There Are Jobs in the Hamptons. If Only Workers Could Afford The Rent.
By Gotham Rex on June 26, 2021
Unable to staff shifts, some restaurants and shops, already reeling from lockdown closures, are suspending service during the lucrative summer season. Source: New York Times
Modest Rent Increases Approved for 2.3 Million N.Y.C. Tenants
By Gotham Rex on June 23, 2021
The Rent Guidelines Board voted to allow 1.5 percent increases for the second six months of one-year leases. Tenants had pushed for rent reductions. Source: New York Times
Getting Married and Leaving a Roommate Behind
By Gotham Rex on June 21, 2021
A Brooklyn couple find their own home, but saying goodbye to their roommate is ‘bittersweet.’ Source: New York Times
New Buildings Lure Tenants With Free Rent
By Gotham Rex on June 9, 2021
To fill empty buildings, developers have been offering generous concessions, including up to five months of free rent. Source: New York Times
How to Apply for Rent Relief in New York
By Gotham Rex on June 2, 2021
The state plans to distribute more than $2 billion in emergency rent relief. Here are some details on who is eligible and how to apply. Source: New York Times
NYC and Homelessness: Lawmakers Take Dramatic Step to Stem Rise
By Gotham Rex on May 27, 2021
The City Council voted overwhelmingly to increase a housing subsidy in hopes of making thousands of apartments affordable to people who are homeless or facing eviction. Source: New York Times
N.Y.C. Broker Fees Are Here to Stay. Why Do They Exist in the First Place?
By Gotham Rex on May 27, 2021
Many renters seeking to move in New York City have to pay up to 15 percent of an annual lease to brokers — regardless of whether they helped find the apartment. After a legal battle, the state affirmed this week…
A Bright Spot for Small Businesses: Deals on Manhattan Rents
By Gotham Rex on May 27, 2021
Commercial landlords are negotiating, and many entrepreneurs see this as the perfect time to expand. Source: New York Times
Moving to the City During the Pandemic: ‘This Is the New York I Know.’
By Gotham Rex on May 10, 2021
The best part of his Upper West Side apartment? It’s a three-minute walk from his daughter’s place. Source: New York Times
N.Y.C. Board Votes to Consider Extending Rent Freeze
By Gotham Rex on May 5, 2021
The city board that sets rents on regulated apartments said one-year leases might be kept as is and two-year leases might rise slightly. Source: New York Times
New York City extends its eviction moratorium through August
By Gotham Rex on May 4, 2021
Residential and commercial tenants would be protected from evictions through August 31. Source: New York Times
‘We’re Suffering’: How Remote Work Is Killing Manhattan’s Storefronts
By Gotham Rex on May 2, 2021
Landlords cut small retailers a break on rent during the pandemic, but stores are still struggling because too few office workers and tourists have returned. Source: New York Times
Selling Your Home in a Seller’s Market
By Gotham Rex on April 23, 2021
Sorting through multiple bids can be harder than it seems. Choosing the highest offer isn’t always the smart way to go. Source: New York Times
NYC Retail Zones: Midtown Has Been Empty, but Other Areas Have Bounced Back
By Gotham Rex on April 13, 2021
Shopping locally has helped foot traffic in some commercial districts across the city return almost to prepandemic levels. Source: New York Times