Posts tagged Mark David & Company

The vacancy rate for apartment rentals in Manhattan is noticeably low right now (end of April 2010.) Landlords are sending out their lists and there aren’t many listings. For Example; Pan Am Equities who manages over 50 rental buildings, just sent us their list with only 6 apartments on it!

May through August is the busiest time of the year for rentals and many, many leases will expire over the next few months. There will be lots of apartments popping up and if they start renting just as fast, we will see an increase in prices. As the vacancy rate drops, you will stop seeing incentives such as “no fee” or “free rent,” with the exception of undesirable apartments or locations. Prices have already started going up and they will definitely continue to. It’s just a question of how much.

There are a ton of people looking for a June 1st move in date and they are all starting to look right now! If you need to move, it is a very good idea to be prepared with all of your paperwork and try and find a great broker to work with. I don’t want to turn this article into a self promotion, but I have to encourage you to give me a call if you would like to work with someone who knows the market and knows how to best assist you in your search. Here at Mark David & Company, we have very high closing ratio (close to 90%!) and we get our customers what they want! Avoid the shady real estate rat!

May is going to be insanely busy and everyone is going to be looking for the same thing that you are! Be prepared and stay away from inexperienced agents! Work with someone who has the inside track and sees can rent you the perfect apartment before it even hits the market! I expect to be getting some very large lists of apartments next week and I can’t wait!

Call me if you want the best service possible Scott @ 212.775.6127