NYC Rental Market Now Most Expensive
Posted by LaLa on 18 Jan 2007 | Tagged as: Blog, The Industry
Crain’s Julie Satow’s article, NYC rental market ranked top in the nation found that the monthly asking rents in NYC’s five boroughs increased 6.4% to $2,719. However, Peter Von Der Ahe of Marcus & Millchap observes that “There is still a huge affordability gap between renting and buying.”
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