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For Rent~ what you need to know for the Summer of 2010

The tenant is currently not the King!
The tenant is currently not the King!

When customers tell me about the current real estate market, I listen.
78% of the time they are pretty accurate, but the other 22% they are either a bit off, or are talking more in line with the West Palm Beach Market.

He may be an expert on West Palm, but not....................
He may be an expert on West Palm, but not....................

As all of us know, our markets can change very quickly. That said, here is the quick scoop on the current NYC rental market.

6-8 months ago, landlords were giving the store away......free rent, gym memberships, higher end kitchen equipment, lower rents and even paying some or all of the broker's fee.

That was 6-8 months ago....today (for now, it  is different). The rental market has tightened up. The price for rentals is creeping up and it is no longer a renter's market. It is starting to be a Land lords market. So, say good-bye to your free equinox membership and say hello to still trying to negotiate hard, but getting far less goodies along with your new apartment!

Have you seen these yet?

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