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%...
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, 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...
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...
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....