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For Rent~ what you need to know for the Summer of 2010

The tenant is currently not the King!

The tenant is currently not the King!

When customers tell me about the current real estate market, I listen.
78% of the time they are pretty accurate, but the other 22% they are either a bit off, or are talking more in line with the West Palm Beach Market.

He may be an expert on West Palm, but not....................

He may be an expert on West Palm, but not....................


As all of us know, our markets can change very quickly. That said, here is the quick scoop on the current NYC rental market.

6-8 months ago, landlords were giving the store away......free rent, gym memberships, higher end kitchen equipment, lower rents and even paying some or all of the broker's fee.

That was 6-8 months ago....today (for now, it  is different). The rental market has tightened up. The price for rentals is creeping up and it is no longer a renter's market. It is starting to be a Land lords market. So, say good-bye to your free equinox membership and say hello to still trying to negotiate hard, but getting far less goodies along with your new apartment!

Have you seen these yet?

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Paul Zweben, Licensed Associate RE Broker
paul.zweben@compass.com
Carolyn Zweben, Licensed Associate RE Broker
carolyn.zweben@compass.com
110 5th Ave, 2nd Floor
New York, NY 10003

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The Zweben Team is a team of licensed real estate salespersons affiliated with Compass. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. New York State Fair Housing. New York Real Estate Standard Operating Procedures.

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