Huh? Manhattan is lousy with brand new luxury towers from Tribeca to Hudson Yards to Central Park. What buildings are you talking about, pre-war? Around here in Jersey City rents are soft because thousands of units are hitting the market. I had to lower a unit from $1750 to to $1650 in a gentrifying area because the new rentals are offering free months and other perks to get filled and hit their financial benchmarks for the bankers.
1 Like
