Mirador's Neeta Mulgaokar, broker and head of the strategic partnership division, recently gave FitSmallBusiness her insight on real estate market trends for this winter.
Neeta shares that rates for luxury rentals remain strong as ever. As a result, "...Renters are demanding additional concessions beyond promotions being offered as we are in a standard seasonal downturn." While gross prices remain unchanged, these increased incentives end up affecting the net price.
"New York is still a highly coveted and desirable marketplace," she says. As far as trends go, that is one thing that always remains the same.
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