Articles on Spring Rental Market

Live Near a Park: Manhattan’s Best Rentals for Springtime

It may not feel exactly like it now, but spring is coming soon to New York City! The sloppy weather we have been experiencing for the past few days is going to make way for a glorious, warm season which will make most of us want to spend more time outdoors in the city. This is where living near a park comes in handy—the city’s beautiful parks are a great place to hang out and soak up the sunshine during the warmer months.

Warm February Weather Creates an Even Warmer Market

February is traditionally the slowest month of the year in Manhattan real estate, a month known for giving renters a chance to find deals. In Februaries past, landlords offered more concessions in order to stimulate demand. This year, the opposite happened. Even given the context of low inventory, few new apartments coming on the market, and high demand, February still exceeded expectations for apartments in every Manhattan neighborhood. Landlords cut back on concessions and raised rents, and the high temperatures brought out far more renters than expected; the high volume of activity far surpassed traditional winter levels. If this is any indication, rents for apartments in Manhattan will keep rising in the spring, the busiest season of the year.

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