News & Politics

Lower Rents Again Predicted; Ridiculous Rents Actually Offered

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We keep hearing about this bonanza of cheap rents the New Depression is supposed to bring. Here’s Real Estate Bisnow reporting that “Tenants are now catching a break in New York… Expect more space, cheaper rents and greater concessions.” They advise brokers to “expand your platform with integrated services” — maybe they’ll start bringing us fruit baskets. Tenants are advised to “negotiate harder.” You can practice on this realtor, offering an East Village 1BR for $3000 (its integrated services include an onsite laundry room), or this one, with a “perfect live/work space” in Greenpoint, convenient to all industrial seepage. Happy bargain hunting!