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Median Rents in Manhattan Drop for the First Time in More Than Two Years

Median Rents in Manhattan Drop for the First Time in More Than Two Years

by Phil Hall | Dec 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median rent in Manhattan dropped year-over-year for the first time in 27 months, according to data from Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants. Last month, the median Manhattan rent was $4,000, down 4.6% from October and down 2.3%...
Asking Rents Record Steepest Decline in Over 3 Years

Asking Rents Record Steepest Decline in Over 3 Years

by Phil Hall | Dec 13, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in November declined 2.1% from one year ago to $1,967, according to new data from Redfin (NASDAQ:RDFN). This represents the biggest annual drop since February 2020; the decline from October was 0.6%. “Renters are finally catching a break,” said...
RentSpree in Partnership with Florida’s Stellar MLS

RentSpree in Partnership with Florida’s Stellar MLS

by Phil Hall | Dec 5, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

RentSpree, a Los Angeles-based rental management software provider, has announced a partnership with Stellar MLS, Florida’s largest multiple listing service with over 84,000 subscribers. With this partnership, RentSpree will be integrated into the Stellar MLS...
Ground Breaking on New DC-Area Apartment Complex

Ground Breaking on New DC-Area Apartment Complex

by Phil Hall | Nov 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Greystar Real Estate Partners LLC and Partners Group, a global private markets firm, have broken ground on a new apartment building in a suburb of Washington, D.C. The 26-story tower at 7340 Wisconsin Ave. in Bethesda, Maryland, was designed by SK& I Architecture...
Asking Rents Record Steepest Decline in Over 3 Years

Rental Housing Properties Seek to Attract Tenants with Increased Concessions

by Phil Hall | Nov 20, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Concessions for prospective tenants in rental housing are at their highest level in more than two years, according to data from Zillow Group (NASDAQ:Z, ZG). In an analysis of Zillow-advertised rental listings in October, roughly 30% included some sort of concessions....
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