Connect with us

Business

Manhattan apartment rentals nearly doubled in December – CNBC

“It’s a baby step in the right direction,” said Jonathan Miller, CEO of appraisal and research firm Miller Samuel. “The metrics are still very weak.”

Published

on

post featured image
ADVERTISEMENT

Manhattan apartment rentals nearly doubled in December, signaling a possible turnaround in the city’s struggling real estate market.
The number of new leases signed in December jumped to 5,459, up 94% compared with last year, according to a report from Douglas Elliman and Miller Samuel. The gains marked the largest increase in nearly a decade, and the third straight month of year-over-year leasing gains.
“It’s a baby step in the right direction,” said Jonathan Miller, CEO of appraisal and research…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Janet Yellen suggests ‘curtailing’ cryptocurrencies such as Bitcoin, saying they are mainly used for ille.. – Business Insider
post featured image
GameStop’s stock drops ahead of short seller’s livestream on 5 reasons to sell – MarketWatch
post featured image
Study: Pfizer Covid-19 vaccine effective with variant first detected in UK – STAT