Q3 Manhattan sales market slumped 43%. Rental vacancy rate now 5% (vs historical 1%). Meanwhile, rest of the U.S. is experiencing a real estate boom with the biggest gains since 2006. When do we expect things to get back to normal in Manhattan? Here is my analysis.
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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