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Manhattan tenants ditch higher rents for flood of better deals

Landlords have granted concessions in 9.7% of all new deals, the highest share for June in more than five years

Apartment dwellers are seeking relief where they can in a Manhattan rental market where median costs have climbed 21 per cent since the end of the recession in June 2009.

New York

MANHATTAN renters left their apartments in search of better deals last month, pushing back against landlord price increases and taking advantage of a flood of new choices on the market.

New apartment leases totalled 5,203, a 34 per cent jump from a year earlier and the...

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