Apartment rentals New York with Luxury Rentals

We obviously spend a great deal of time surveying the market for Manhattan rental apartments here at the Luxury Rentals Manhattan blog -- the fact that this is the Luxury Rentals Manhattan blog might've been some indication of this. But while there's plenty of good news for NYC dwellers looking for a luxury rental in Manhattan, and we do our best to report it, the one topic we've kept coming back to over recent weeks and months is the decline (or not-decline) of the renter's market in Manhattan real estate. For the time being, we'd describe the renter's market as, if you'll pardon the real estate jargon, "still kind of happening, for the most part." But while prices are still fairly low on Manhattan rental listings, the perks that defined the renter's market at its peak -- from landlords paying fees to highly negotiable listing prices on rental apartments -- seem to be fading into the past. In the Wall Street Journal, Dawn Potapka delivers an obituary for the days of landlords gladly paying fees on Manhattan apartments. Let us bow our heads:

Earlier this week, we wrote about Manhattan mega-developer Glenwood's planned sequel to Emerald Green, the green luxury rental building in the resurgent Garment District that has been (yet another) breakout success for the luxury rental developers. Glenwood is behind a number of the most popular rental listings at Luxury Rentals Manhattan, and the company's carefully planned luxury rentals -- usually done in collaboration with architect Costas Kondylis, but always striking well-amenitized and intelligently done -- have an appeal that's easy to see. In The Real Deal, Adam Piore profiles Glenwood head honcho Leonard Litwin, and writes about the company's striking success during the ongoing (if improving) downturn in NYC real estate.

There's no sense in trying to hide it: we at Luxury Rentals Manhattan love the Garment District's Emerald Green. The LEED-certified green rental building is not only one of the more intriguing new green rental listings in Manhattan, but Emerald Green's location -- 320 West 38th Street, if you're curious -- in a neighborhood otherwise fairly short on luxury rental listings (green or otherwise) makes it an especially intriguing development. More intriguing is the news that Glenwood, the heavy-hitter Manhattan real estate developers behind Emerald Green, are planning an Emerald Green sequel in the same neighborhood, at 330 West 39th Street. Even if Emerald Green weren't such a favorite of ours here at Luxury Rentals Manhattan, this would be an interesting development.