Elliman.com releases January 2013 Rental Report | Katonah Realtor

We have just released the “Elliman Report: Manhattan & Brooklyn Rentals January 2013,” the leading resource on the state of the Manhattan and Brooklyn rental markets. As always, our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and neutral market insight available. 

Although limited inventory kept rents near record levels, low mortgage rates and improving affordability continued to convert many would-be renters to first time buyers. This competition from the purchase market impacted the rental market by slowing the rapid rise in rental prices we had been seeing over the past two years. However, landlord concessions are still rare and we expect the improving economy and low vacancy rates to continue placing upward pressure on rents in the near term.

We constantly look for ways to provide our clients with better information to enable them to make more informed decisions. Our efforts to make this market report series possible reflect my strong belief that in a market that is constantly changing, access to timely information is one of the greatest resources we can offer our clients. We are committed to providing the best information and services in the industry. Explore our full market report series covering Manhattan, Brooklyn, Queens, Long Island, The Hamptons, North Fork, Westchester/Putnam, Miami, Boca Raton, Fort Lauderdale and Palm Beach
at http://www.elliman.com/marketreports.