Friday, June 12, 2020

RENT: VACANCIES AND LESS DEMAND

Harlem Bespoke: Are rent prices going down anytime soon? News sources have been highlighting that leases have plummeted by over 60% these past few months and the most logical way to attract those fleeing the city would be by lowering individual monthly overhead.  We checked out Steeteasy to see how much studios were currently going for in the neighborhood and everything is as about $1,500 or slightly under.  This appears to be pretty much the standard for the past year so prices have not really been affected that much from this anectdotal search.  This might just change in the coming weeks but right now it is still a waiting game for everyone.  More details on CNBC: LINK


HarlemBespoke.com 2020

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