The AP reports that rental brokerage Citi Habitats found rents for all apartments (except one-bedrooms) fell slightly during the third quarter, versus last year. (One-bedroom rental prices grew 1.7%.) "The dip may seem to indicate a weakness in the market, but the firm says there has been no precipitous decline in rental rates or substantial increase in vacancy rates," adding that it's rented more apartments between July and September this year than last. The next quarter's data should be interesting!
Manhattan Apartment Rents Slightly Decrease
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