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Manhattan's renters gain more incentives in apartment glut

Landlords offering a month of free rent or payment of broker fees in order to reach a deal

Published Thu, Nov 10, 2016 · 09:50 PM
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New York

MANHATTAN landlords are giving renters more financial incentives than ever in a bid to keep apartments from going empty while the market gets flooded with new supply.

Lease-signing sweeteners, such as a month of free rent or payment of broker fees, were offered on 24 per cent of new rental agreements in October, up from 10 per ce…

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