- Manhattan rents fell year-over-year by the most in nearly seven years in March, according to a report from Douglas Elliman Real Estate.
- This happened even though landlords continue to offer several concessions to get new leases.
Manhattan landlords seem to be running out of tricks.
They’re aggressively offering a month of free rent and other concessions to get new tenants. And yet, in March, Manhattan’s median rent including such discounts fell year-on-year by the most in six and a half years, according to a monthly report released Thursday by Douglas Elliman Real Estate. See the rest of the story at Business Insider
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