 |
White-collar job growth in Manhattan will spur demand for market-rate apartments in the city this year and push rents to record highs, Marcus & Millichap predicts in a market report released today. According to the report, New York City’s office-using employers are poised to see their largest year for hiring in a decade, adding a total of 45,000 new positions to their payrolls. In turn, that will boost the number of people looking to rent apartments, pushing down the vacancy rate to 3.3 percent in that sector.
http://ny.therealdeal.com/newyork/articles/manhattan-rental-rates-to-reach-record-highs-in-2011-marcus-millichap-says-in-new-report
No related posts found
