NYC rental listings shrink as housing debate intensifies
Apartment hunting in New York City has never been for the faint of heart — and the latest numbers suggest it’s only getting tougher. Rental listings across the five boroughs fell about 6 percent in February compared to the same month last year, marking two full years of inventory declines, according to a StreetEasy report published earlier this week. The median asking rent rose more than 8 percent annually to $3,950. The most recent figures come as all eyes are on the city’s rental market, following a turbulent year for the multifamily industry, including the implementation of the city’s so-called […]
This article originally appeared on The Real Deal. Click here to read the full story.
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