NYC renters seeking deals send leasing to an all-time high
New York
IT'S a renter's market in New York City, and apartment-seekers jumped in last month to get themselves a deal.
In Manhattan, the number of newly-signed leases climbed 17 per cent in May from a year earlier to 5,969, the biggest total for the month in nine years of record-keeping, according to a report on Thursday by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate. In Brooklyn, new apartment contracts surged 23 per cent to 1,460, also the biggest total for the month in data going back to 2008.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies