« New York City Real Estate Cratering ? Hmm, I Remember Someone Predicting That A Looooong Time Ago. | Main | AIG: New Administration....Same Old Bullsh*t? »

February 27, 2009



I've been looking around town as well. I've noticed that many are trying to extend the lease periods, and offering a month or two free. If that isn't a red flag that they see rent rates going lower, I don't know what is.


Sounds familiar! I'm moving tomorrow too. Twice the space, nicer neighborhood and working fireplace for $200 a month more than I'm currently paying. My guess is that the same place would have been 50% more last year.

Deflation has its benefits!

The amount rents have fallen is pretty staggering - umm, you think this might just affect sales prices?

The comments to this entry are closed.