New lease signings surged 40.5 percent year-over-year for the sixth time in seven months. This coincides with a 27.6 percent jump in rental listings, the 9th consecutive annual increase.

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June 2021 Manhattan property update

 

The Manhattan market is currently a seller’s market and the rental market has picked up a lot since companies have started calling people back. Key drivers are very low mortgage rates, pent-up demand and optimism from Covid vaccine.

Read full article here: June 2021 Manhattan property update by Weimin Tan