You’ve got your fired-up barbecues, of course. And the beach trips and baseball games and farmer’s markets and sweltering subway stations and, with ever more frequency, weather nice enough to induce the urge to simply lie down and relax wherever or take long, otherwise unmotivated walks. All of which is to say that it’s officially and incontrovertibly summer in New York City. With all those good things (and the sweltering subways, which one eventually just learns to deal with) comes another NYC summer tradition -- the arrival of the annual warm-weather boom in Manhattan real estate. We noted its first green shoots in the Luxury Rentals Manhattan blog last month, and -- same as it does every summer -- the Manhattan luxury rental marketplace is in something very much like full bloom as July arrives.
Of course, as anyone searching for an apartment in NYC already knows, the words “strong Manhattan real estate market” bode better for landlords than those browsing Manhattan rental listings. But there’s good news for both renters and landlords alike in June’s luxury rental statistics. Sustained high demand and lower vacancy rates will (as they usually do) delight landlords. But those browsing Manhattan rental listings can take heart knowing that there are still plenty of deals to be had on luxury rental apartments.
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