Apartment rentals New York with The High Line

The Recovery Continues, Part 23: Atlantic Development Announces Two New Luxury Rental Buildings in East Village and Chelsea

The ongoing economic recovery is good news both for Manhattan real estate developers and everyone who, you know, participates in the economy. That seems obvious, but it's worth mentioning mostly because all the recovery-related news here at the Luxury Rentals Manhattan job could easily be mistaken for a bummer by people searching for Manhattan rental apartments. Here there's news that NYC dwellers can no longer expect generous concessions on their Manhattan rental apartments. There there's news that Manhattan no-fee rental listings are not-so-gradually becoming an endangered species. Yes, it's good that the economy is apparently bouncing back. But where's the benefit for those looking for a Manhattan rental apartment? Well, it's coming, through what looks like a bumper crop of new construction luxury rental buildings that should arrive over the next year or two.

Renting: Still the Rock Star's Choice

If the classic rent-versus-buy debate in Manhattan real estate were a building, instead of a debate, it would be pre-war. But as old as that debate is -- and as academic as it is rendered by the high price of a Manhattan condo and the comparatively advantageous market for Manhattan luxury rentals -- it's worth remembering that renting in Manhattan isn't just for those who can't afford to buy in Manhattan. Let's take Kings of Leon singer Caleb Followill, for instance.