Manhattan, New York real estate, one of the world's best investments. Buying the right condo, renting out to tenants and eventually selling. By Weimin Tan, top Manhattan agent with media interviews by CNBC, CNN, New York Times, WSJ. Ex-Citibanker, originally from Malaysia, Manhattan resident since 1999, fitness enthusiast. tan@castle-avenue.com
Sunday, April 22, 2012
Manhattan rental rates sky high
New York Times article on Manhattan rental rates sky high. Already exceeding the peak of 2007, the high rental rates this time around is driven by tight credit, low inventory and few new construction. More people are sharing or downsizing.
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