NEW YORK CITY—The Alliance for Downtown Manhattan yesterday released its annual real estate year in review. The report concluded Lower Manhattan enjoyed a banner year in 2017 with a 16-year high in private sector employment with 242,000 jobs, and the highest level of commercial leasing since 2014. John Jordan will have a complete GlobeSt.com report on the study's findings in our afternoon online posting.
In addition, the MNS Manhattan rental market report for Jan. 2018 recorded the most expensive non-doorman, studio, one- and two-bedroom apartments were in the Financial District and TriBeca, ranging in average from $3,261 to $7,788 for monthly rents. Manhattan's most expensive doorman studio, one- and two-bedroom properties were all in SoHo, ranging in average from $4,398 to $8,519.
In this economic context, what should be the policies in rent regulation of the housing stock in Downtown Manhattan?
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
