Here’s a shocker! Manhattan Has More Apartments Than Renters!

New apartment buildings and condo owner who are renting their units, has pushed the supply of Manhattan apartments to record highs.  As a result landlords are chasing tenants, not something you typically think of in the NY market.

Bloomberg News suggests prices may fall before winter….

https://www.bloomberg.com/news/articles/2017-09-14/manhattan-s-eager-renters-can-t-make-a-dent-in-apartment-supply