From Calculated Risk

Posted by CalculatedRisk on 1/31/2009 11:48:00 PM Comments (330)

NYC: Rents "Falling Fast"

by CalculatedRisk on 1/31/2009 07:06:00 PM

From the NY Times: A Month Free? Rents Are Falling Fast (hat tip Brian)

IN this painful economic climate of layoffs and shrinking investments, there is a sliver of positive news: it’s a good time to be a renter in New York City. Prices are falling, primarily in Manhattan, and concessions like a month of free rent are widespread..................

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