Landlord sees 'pain' for NYC apartments over surge in supply
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
APARTMENT landlord AvalonBay Communities said it expects continued weakness in New York City's rental market as a wave of new construction adds more units in Manhattan and Brooklyn in the coming year.
"The pain is going to continue in New York through '17," Sean Breslin, AvalonBay's chief operating officer, said on a conference call on Tuesday to discuss third-quarter results.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
