When is the best season to rent apt in New York?

When is the best season to rent apt in NY?
If your lease is flexible or if you can choose timing to move,
you might want to consider seasonal condition for real estate market in NY.
Generally, vacancy rate for apt.in Manhattan is less than 1% throught a year.
However, winter season is slow, so you can take time to find apt.

Dec – Mar
Slowest season for real estate rental market
Merit : you can negotiate rent
Demerit : Not many choices
Owners want to rent apt. without loosing 1 month vacancy, so you can negotiate rent.

Summer July – Sept

People move at this season, and it is the busiest time for real estate brokers.
There will be plenty of apt. coming up, but it is often gone in a day or two.
Especially polular area in Manhattan, you had better make decision quickly.

Merit : Many choices
Demerit : It will be taken quickly, and difficult to negotiate rent
Then, it is wise to rent during winter time?
Yes, if you happen to find apt. you like, and succeed to negotiate rent.
But, there are not many choices, and end up compromising or
owner might not agree to negotiate rent.
Think about market situation when you rent apt. in NY.

Posted in Real estate market in New York City


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