At this hour: Manhattan’s median rents took a hit as the market share of leases with concessions continued its rising streak.
And the state of the market — rampant with incentives and listing discounts — is unlikely to change anytime soon. Or will it?
Phil Horigan is on board today and will explain all of it to us.
Also at this hour The Garment District is back in fashion.
Real estate database PropertyShark released its list of the most expensive neighborhoods in New York City based on 2018’s median closed sales prices.
While Tribeca and Soho remain at the top of the heap, the Garment District comes in #3. A giant leap for this neighborhood.
The panel is here and will break it down for us.
So let’s get at it.
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