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The NYC Rental Market Today with Gary Malin
Manage episode 337362807 series 3261628
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Gary Malin, Corcoran's renowned chief operating officer, sits down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the rental market. Quite simply, if it's in the rental universe, Gary is the man. Tune in to learn about the overall market, the rising vacancy rate, current concessions, cap rates, landlord regulations, and of course, we also touch on the sales market. It's a short, sweet, in-depth update on the New York City rental market. Great stuff! Highlights: 0:35 - What’s up with the market? 2:25 - COVID reset or new higher prices? 4:53 - “There is financial fatigue” 7:10 - Lease timing & concessions 9:20 - Where are cap rates now? 10:36 - Sales market / rental market relationship 14:29 - Current rental regulation landscape Gary's Page at Corcoran: https://www.corcoran.com/nyc/about-us/display/3535 Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/
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